By Hedge Ly
Apple released the name and details of its new product the "Ipad tablet". Apple's stock fell off 5 points in a matter of minutes from what i perceive as a product disappointment. The wow factor really is not there, everyone and their mother is not going to go out and buy this thing, as of this writing they have not revealed the price point, but i'm guessing its gonna be pretty expensive putting it out of reach by many current Apple customers. I am personally a fan of the device, but does it do anything revolutionary, does it change how we will live and communicate? No. it is just another device which looks like a blown up Iphone(like all their new non computer products) nothing crazy. The device will really not add significant revenues to AAPL's bottom line in my opinion. A la macbook air??
Job's now says AAPL is a mobile company, this to me is not what they should be projecting, they are a computer company which has diversified its product line. They are not the biggest mobile company, labeling them as such could be a curse, they do not want to exit their core business, computers. I think Dennis Kneale made a good point saying, "The only ones going to be buying this device are those in LA and NYC." I am with ya on that, considering the Ipad is going to be highly mobile device which will be easily banged around, will they offer insurance? I doubt it, those who buy this are going to have to be able to afford to replace the device if it is dropped, college kids cant afford that.
As of this typing Apple has caught a bid again, the battle bots are buying up the PPS like its their job, im sure a few large funds were disappointed with the release and dumped on the market. They hit the eject button.. Now i think she is moving up on bottom picking day traders, once the joker buying goes away i bet she trades lower. GOOG going below 500, X below 40 aapl below 200.. I believe the time is here.
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