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Apple's Long Road To $300

samzenpus posted more than 3 years ago | from the long-strange-trip dept.

Businesses 264

itwbennett writes "Apple shares inched over $300 for the first time Wednesday, nearly 30 years after Apple's initial public offering in December 1980. But it hasn't been a steady climb. In fact, says blogger Chris Nurney, 'Apple's stock history can be divided into two clear periods — the early years, from the IPO through Steve Jobs's long absence from the company after losing a power struggle in 1985, and the modern Jobs era, which began on September 16, 1997.' The bottom line: 'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"

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264 comments

Bad news (-1, Flamebait)

Anonymous Coward | more than 3 years ago | (#33891368)

Bad news for Apple though - this month Nokia's marketshare on mobile phones increased significantly while Apple took a major drop. It looks like the iPhone wasn't really that big a hit, as it's currently only holding about 4-5% market share in mobile world.

There also isn't anything new coming from Apple, so it looks like the company is taking a significant lose soon with the amazing Windows Mobile 7 released too.

Re:Bad news (-1, Flamebait)

Anonymous Coward | more than 3 years ago | (#33891388)

The bad news for Apple is that there are a lot of Applequeers and Macfags. Beware of the homosexual agenda! They cannot reproduce so they must recruit. They're fags!

Re:Bad news (3, Insightful)

Nursie (632944) | more than 3 years ago | (#33891414)

Is the "amazing windows mobile 7" shill some sort of meme? Are all the cool kids doing it?

I'm beginning to find it quite amusing. If ever there was a platform that was late to the market and consumers aren't interested in, it's windows mobile.

The ways of business are strange and inscrutable, but in the consumer market who is going to actually purposefully buy a windows phone?

Re:Bad news (4, Insightful)

Etiko (1391455) | more than 3 years ago | (#33891490)

"but in the consumer market who is going to actually purposefully buy a windows phone?"

Me?

Initial reviews have been good [gsmarena.com] and the development environment for Windows Phone 7 is one of the best I've worked in. Expect lots of great games and apps for this platform.

Re:Bad news (2, Insightful)

odies (1869886) | more than 3 years ago | (#33891518)

+1. WM7 looks like the best thing happened to the mobile world in a long time.

Re:Bad news" (-1, Troll)

migla (1099771) | more than 3 years ago | (#33891602)

Is your nick Greek for "ethical" by any chance? In that case, perhaps you should prepend it with "Oxi" (or whatever it is that would negate it in greek, my greek is limited)

From my somewhat freedom mongering perspective, the better p7 or ios or any other proprietary offering is, the worse it is.

Proprietary is anti-freedom, anti-freedom is wrong, so supporting proprietary solutions is unethical.

I'm no saint myself, though, with the sweet proprietary drivers, for example and a multitude of other examples of buying products from corporations that are "evil" in other ways I haven't even bothered to find out about.

Maybe that makes me a bad person, but it doesn't make the philosophical conclusion less valid or the movement less worthy.

Kudos to those who have the strength to resist shiny evil and any little us mere mortals can do is better than nothing.

Re:Bad news" (1)

migla (1099771) | more than 3 years ago | (#33891616)

(I had put joke tags of holierthanthou in them pointy things around the first paragraphs, but they were ofcourse disappeared...)

Re:Bad news" (2, Insightful)

Etiko (1391455) | more than 3 years ago | (#33891632)

We are talking about the "consumer market" here and Apple is proof enough that the average consumer does not care about openess and freedom.

Re:Bad news" (1)

sgbett (739519) | more than 3 years ago | (#33892094)

That is the true tragedy of the commons.

Re:Bad news" (5, Insightful)

trickyD1ck (1313117) | more than 3 years ago | (#33891752)

Is forcing own ethics on others ethical? I for one judge technology on basis of merit, not ideology.

Maybe that makes me a good person, and it probably makes your philosophical conclusion less valid and your movement less worthy.

Re:Bad news (2, Interesting)

geekmux (1040042) | more than 3 years ago | (#33891520)

...The ways of business are strange and inscrutable, but in the consumer market who is going to actually purposefully buy a windows phone?

With the blackmailesque death-grip that Microsoft holds over corporate America, do you really have to ask that question?

I didn't "buy" my last three Windows Mobile phones. They were issued to me.

Re:Bad news (1, Funny)

Anonymous Coward | more than 3 years ago | (#33891548)

In the immortal words of Snoop Dogg: "Drop it like it's hot". Into the porcelain trone, for example. After a few times they stop issueing, believe me.

Re:Bad news (2, Insightful)

anerki (169995) | more than 3 years ago | (#33891534)

It works for Android, none of the consumers know and purposefully buy Android, they just buy 'a' smartphone that's not a Blackberry and not an iPhone. Nobody knows RIM, iOS, Android with all the versions, etc. Only the technical people do, and we hardly make up or even affect the consumer market (or Linux would've made it a _long_ time ago)

Re:Bad news (1)

MrHanky (141717) | more than 3 years ago | (#33892140)

Yes, let's subtract "technical people" from people who buy stuff so that we can pretend "consumers" don't purposefully buy Android phones. Let's also define "technical people" as "people who know what OS their phone runs" so that we aren't talking utter bullshit.

Re:Bad news (2, Insightful)

thePig (964303) | more than 3 years ago | (#33891558)

I was thinking that Windows Mobile 7 would be a big hit in the enterprise market.
Windows Mobile 7 will be a big danger not to Apple, rather to Blackberry.
They can go for the best Office/Documents/Outlook integration possible - and who would not love it?
I have not seen many phones which can properly format a moderately complex .docx file as of now - this is where Windows Mobile 7 can enter the market and capture it.

Re:Bad news (3, Informative)

dangitman (862676) | more than 3 years ago | (#33891586)

They can go for the best Office/Documents/Outlook integration possible - and who would not love it?
I have not seen many phones which can properly format a moderately complex .docx file as of now - this is where Windows Mobile 7 can enter the market and capture it.

Yeah, but if you've seen the direction Microsoft is taking with Windows Phone 7, that's not it. They are going for "social networking" and "iPhone/Android knock-off," not "Mobile Business Computing."

Re:Bad news (3, Interesting)

node_chomsky (1830014) | more than 3 years ago | (#33891764)

I have not seen many phones which can properly format a moderately complex .docx file as of now - this is where Windows Mobile 7 can enter the market and capture it.

Maybe they can work on it after they decide on a standard for .docx, because I can't seem to get two copies (of the same version of word) to reliably display the same file in the same way on two different machines. I wish what I saw on the screen matched what people would see when they get it. I would personally use LaTex and .rtf formats for everything, but 'the world runs on windows' and when I send an .rtf to one of my bosses, they are so overwhelmed by the cascade of prompts and dialog boxes needed to tell Word that you want to use to open an .rtf, they usually just tell me that their 'computer can't read it' (seriously). User ineptness aside, I really don't understand how the world runs on windows. Most projects where I am forced to use Microsoft products because that is the only thing the recipient uses take 5 to 10 times as long as they need to. Despite it's excessive features, Word (and other MS Office products) seem utterly incapable of making small aesthetic changes to a document without throwing the rest of it in complete formatting chaos. As someone who witnesses and experiences this problem, I would estimate my academic department/ university would easily double if not triple it's productivity if we would start using more appropriate software for what we need to do with it. This would not outright exclude software like office, but it would certainly require us to use microsoft software as a tool rather than a standard. It's very amazing how many more problems a Windows user experiences on a daily basis.

I have stopped screaming at my computer since I started using a mac (with the exception of using office). Let me also say that I am no technological slouch, and my issues with Office are not a byproduct of my lack of understand like it can be with others. To put it another way, I actually run 4 operating systems on my computer (VMware versions of windows on a mac seem to work better than natively installed copies of windows on the same system, no joke, I was even able to register the machine to a Microsoft Active Directory to use an institutional copy of SPSS). When I got my current mac I installed windows on it in a dual boot with a mac partition (using a utility supplied by apple with the OS). I had purchased the Mac for the hardware (a MacBook Air) rather than the OS. I started out using windows for everything, but over several months I had naturally (not consciously) switched over entirely to the mac side. My point in all this, is that Windows is like an abusive boyfriend (I ripped this simile off of a post from a different thread, but it's more than perfect), you don't really understand how dysfunctional it is until to get out of the relationship and find a less destructive partner. It's hard to like Microsoft products, trust me, I tried. I really am not saying this as an Apple fanboi (because I am definitely not one). I am saying this as person who researches the efficacy of information technology in educational settings. In case you are curious about what I am figuring out (if you haven't already) is that technology tends to be selected for all the wrong reasons, and tends to fall so short of the mark, that no one ever uses it. I see classrooms with >$10k Smartboard installations that are completely unusable and collecting dust rapidly because there is a very poorly manufactured and barely functional Windows machine at the heart of it. When I was in 7th grade, my school system blew $15k a classroom into devices like laser disc players and Windows 3.11 boxes with token ring networks (which were obsolete before they were taken out of the box) by the time I graduated 5 years later, I had witnessed one actual use of anything but the television, and that was by a teacher who was responding to a student's challenge him on whether the laserdisc machines actually worked!

Re:Bad news (2, Interesting)

teh kurisu (701097) | more than 3 years ago | (#33891428)

It's all about the platform though, and the mobile phone market is only half the picture given that iOS also ships on iPods and iPads; both markets where Apple's competition is still playing catch-up.

iOS, with version 4, is finally at the stage where it's 'complete' (which is more than can be said for Windows Phone 7 at least until next year). What Apple need to do now is actually start to think, can we make this better? Otherwise, improvements in newer Android and Windows Phone 7 will eclipse iOS which will be stuck in a user interface rut that Apple are too reticent to fiddle with.

By the way, congratulations on your use of the word 'lose' instead of 'loose', even if it still wasn't the word you were looking for.

Re:Bad news (1)

rolfwind (528248) | more than 3 years ago | (#33891576)

I don't know if it would be a revolution for the user, but I'm thinking Apple should start developing iOS in some sort of vector graphics system instead of bitmaps, now that they are pushing display close to or beyond what the human eye is capable of discerning. I know the fonts are like this already IIRC, but I mean the icons and everything. And then port it back to regular OS X.

That way they wouldn't be stuck rehashing everything to look right when simply releasing iOS to a new category of product (ie iPhone to iPad, and then next year iPad gets a retina display???) but also because it would leapfrog Windows in a department that would take Windows years to catch up.

Displays really haven't pushing the resolution as they should have been the last few years and it seems in part due that "HD" displays on computers now forces the user to correct the theme themselves or be faced with unbearably small text and the like.

I can hardly with for my 5760x3840 21" monitors.

Re:Bad news (2, Interesting)

teh kurisu (701097) | more than 3 years ago | (#33891606)

Resolution independence has been 'coming soon' in OS X for years now. I'm pretty sure it was meant to be one of the features of Leopard, which was quietly dropped and still hasn't made it into Snow Leopard.

Apple are previewing [arstechnica.com] the next version of OS X next week, and I won't be at all surprised if resolution independence is mentioned. I'll be very surprised, however, if it makes it into the final product.

Re:Bad news (1)

Sockatume (732728) | more than 3 years ago | (#33891840)

I have to wonder what triggered Apple's interest in RI. If/when we have a display technology that can reliably produce large, very high resolution (ten times the current dot pitch) displays, it'll be useful and nigh-essential, but on LCD that's not going to happen because of cost, and the current wave of upcoming technologies are more about picture quality than resolution.

Re:Bad news (1, Funny)

Kjella (173770) | more than 3 years ago | (#33891442)

You almost had me going there until "amazing Windows Mobile 7". Too much...

Re:Bad news (4, Funny)

Sockatume (732728) | more than 3 years ago | (#33891554)

Jobs is crying himself to sleep that he makes half the money in the cellphone industry with only a twentieth of the marketshare. Weeping.

liars & touts & ?aliens?, oh my (-1, Troll)

Anonymous Coward | more than 3 years ago | (#33891434)

just as scheduled by the 'retired generals' less than a month ago. are they smart or what?

not that it's 'stuff that matters'; the corepirate nazi holycost is increasing by the minute. you call this 'weather'?

continue to add immeasurable amounts of MISinformation, rhetoric & fluff, & there you have IT? that's US? thou shalt not... oh forget it. fake weather (censored?), fake money, fake god(s), what's next? (fake aliens ah ha ha). seeing as we (have been told that) came from monkeys, the only possible clue we would have to anything being out of order, we would get from the weather. that, & all the monkeys tipping over/exploding around US.
the search continues;

google.com/search?hl=en&source=hp&q=weather+manipulation

google.com/search?hl=en&source=hp&q=bush+cheney+wolfowitz+rumsfeld+wmd+oil+freemason+blair+obama+weather+authors

meanwhile (as it may take a while longer to finish wrecking this place); the corepirate nazi illuminati (remember, (we have been told) we came from monkeys, & 'they' believe they DIDN'T), continues to demand that we learn to live on less/nothing while they continue to consume/waste/destroy immeasurable amounts of stuff/life, & feast on nubile virgins while worshipping themselves (& evile in general (baal to be exact)). they're always hunting that patch of red on almost everyones' neck. if they cannot find yours (greed, fear ego etc...) then you can go starve. that's their (slippery/slimy) 'platform' now. see also: http://en.wikipedia.org/wiki/Antisocial_personality_disorder

never a better time to consult with/trust in our creators. the lights are coming up rapidly all over now. see you there?

greed, fear & ego (in any order) are unprecedented evile's primary weapons. those, along with deception & coercion, helps most of us remain (unwittingly?) dependent on its' life0cidal hired goons' agenda. most of our dwindling resources are being squandered on the 'wars', & continuation of the billionerrors stock markup FraUD/pyramid schemes. nobody ever mentions the real long term costs of those debacles in both life & any notion of prosperity for us, or our children. not to mention the abuse of the consciences of those of us who still have one, & the terminal damage to our atmosphere/planet (see also: manufactured 'weather', hot etc...). see you on the other side of it? the lights are coming up all over now. the fairytail is winding down now. let your conscience be your guide. you can be more helpful than you might have imagined. we now have some choices. meanwhile; don't forget to get a little more oxygen on your brain, & look up in the sky from time to time, starting early in the day. there's lots going on up there.

"The current rate of extinction is around 10 to 100 times the usual background level, and has been elevated above the background level since the Pleistocene. The current extinction rate is more rapid than in any other extinction event in earth history, and 50% of species could be extinct by the end of this century. While the role of humans is unclear in the longer-term extinction pattern, it is clear that factors such as deforestation, habitat destruction, hunting, the introduction of non-native species, pollution and climate change have reduced biodiversity profoundly.' (wiki)

"I think the bottom line is, what kind of a world do you want to leave for your children," Andrew Smith, a professor in the Arizona State University School of Life Sciences, said in a telephone interview. "How impoverished we would be if we lost 25 percent of the world's mammals," said Smith, one of more than 100 co-authors of the report. "Within our lifetime hundreds of species could be lost as a result of our own actions, a frightening sign of what is happening to the ecosystems where they live," added Julia Marton-Lefevre, IUCN director general. "We must now set clear targets for the future to reverse this trend to ensure that our enduring legacy is not to wipe out many of our closest relatives."--

"The wealth of the universe is for me. Every thing is explicable and practical for me .... I am defeated all the time; yet to victory I am born." --emerson

no need to confuse 'religion' with being a spiritual being. our soul purpose here is to care for one another. failing that, we're simply passing through (excess baggage) being distracted/consumed by the guaranteed to fail illusionary trappings of man'kind'. & recently (about 10,000 years ago) it was determined that hoarding & excess by a few, resulted in negative consequences for all.

consult with/trust in your creators. providing more than enough of everything for everyone (without any distracting/spiritdead personal gain motives), whilst badtolling unprecedented evile, using an unlimited supply of newclear power, since/until forever. see you there?

all the manuals say we're not to kill each other, & we're mandated to care for/about one another, before any other notion will succeed. one does not need to agree whois 'in charge' to grasp the possibility that there may be some assistance available to us, including from each other. there's also the question of frequent extreme 'distractions' preventing us from following the simple 'directions' we were given, along with everything we needed to accomplish our task. see you there?
boeing, boeing, gone.

You didn't even have to purchase it that early (4, Informative)

rolfwind (528248) | more than 3 years ago | (#33891458)

Steve Jobs came back in 1997 and it had a small surge that was crushed in the dot com boom. Up to early 2004, you could acquire shares reasonably close to the 1997 price, it fluctated 1.5-2x, sometimes 3x, but after early 2004 it skyrocketed.

1997-2004 is when they had all those color iMacs and gaudy design (remember those awful clamshell notebooks?) befoe the industrial design. It returned to profitabilty, to be sure, and laid a lot of other groundwork, like 2001 was the release of OS X, to be sure.

And that same year (2001) iPod was released. Think about that. For almost 3 years after iPod's release, you could still have bought Apple at a bargain basement price. It took a long time for Wall Street to shed the malaise it had with Apple after the late 80s and early/mid-90s decline.

Would Make an Interesting Chart (1)

srussia (884021) | more than 3 years ago | (#33891502)

I'd love to see Minard-type illustrated map of product lines, sales of each product, board members and share price for the 1997-2010 period.

Re:You didn't even have to purchase it that early (1)

lennier1 (264730) | more than 3 years ago | (#33891530)

To be fair, Mac OS 9 was crap of the worst kind (think "Windows Me") and Apple must have known this all along, since their designers even provided iMac owners with a handle to throw it into the trash.

Re:You didn't even have to purchase it that early (1)

rolfwind (528248) | more than 3 years ago | (#33891584)

Mac 7 and 8 weren't that hot either. I remember the bomb way to vividly. It made of the Windows Systems of the day seem stable and we're talking about Win 95/98. And to people using NT back then, Mac must have been a really bad joke.

I never used 9, so I can't guess how it was worse than the crap 7/8 already was, other than being even longer in the tooth in it's day.

No, Windows NT was not always better then OS 9 (1, Troll)

findoutmoretoday (1475299) | more than 3 years ago | (#33891706)

<quote><p> And to people using NT back then, Mac must have been a really bad joke.</p></quote>

No, Windows NT was not always better.  I had 5 macs on OS 9 running one application combining:  applescript, filemaker, photoshop, the predecessor of ImageJ, a scanner and a shared printer with permanently 30' in the buffer.  With only one unstable Mac.  By lack of Macs I had to add two NT PCs who implemented the first step of the process with only a scanner and photoshop, and there the trouble began as the PCs had a downtime of 20%.

Re:No, Windows NT was not always better then OS 9 (2, Insightful)

drinkypoo (153816) | more than 3 years ago | (#33891758)

We can trade anecdotes all day, but I've been using Macs since OS 5 (Lisa baby) and NT since 3.51 (missed the bad days) and I think you're full of crap. Just trying to do work on classic OS Macs with Adobe applications is often enough to crash the machine several times per day. I've probably used almost as many different macs as different PCs by this point, every major and minor version... and I'm immeasurably thankful to put all that crap behind me.

With that said, NT4 was a huge step backwards. While Apple has been getting better Microsoft has been getting worse, steadily. Today there is no compelling technical advantage to windows over MacOS. It has some improved security features but overall less security baked-in. I would certainly take OSX over Windows 7. I just don't want either.

Re:You didn't even have to purchase it that early (3, Insightful)

Jazz-Masta (240659) | more than 3 years ago | (#33891700)

And that same year (2001) iPod was released. Think about that. For almost 3 years after iPod's release, you could still have bought Apple at a bargain basement price. It took a long time for Wall Street to shed the malaise it had with Apple after the late 80s and early/mid-90s decline.

Also remember that iPod sales didn't begin to explode until after Apple released the Windows compatible iTunes. Sure, MusicMatch would work in 2002, but it has hacked together at best and not many people knew about it.

The 3rd gen (late April 2003) came with Windows compatible iTunes. It was the 4th gen in Oct 2004 that really began to pick up.

So the iPod for those 2 years was only officially compatible with Mac (5-8% market share depending on where you get your stats). Limiting yourself to within that market share isn't a very good idea.

Re:You didn't even have to purchase it that early (1)

xtracto (837672) | more than 3 years ago | (#33892158)

I also remember the fact that the original iPod was IEEE 1394 only, wasn't it?

Re:You didn't even have to purchase it that early (1)

mcvos (645701) | more than 3 years ago | (#33892204)

Also remember that iPod sales didn't begin to explode until after Apple released the Windows compatible iTunes. Sure, MusicMatch would work in 2002, but it has hacked together at best and not many people knew about it.

When using playlists, MusicMatch could end up putting the same song on your iPod several times. I ran out of space unreasonably fast. MusicMatch was a piece of crap.

Re:You didn't even have to purchase it that early (2, Interesting)

Sockatume (732728) | more than 3 years ago | (#33891950)

With restrospect, around 2004 the iPod was sold on its luxury, and the Mac on its friendliness. They flipped that around so that the iPod was friendly and massmarket (Mini), while the Mac was a capable computer (Macbook, new iMac). Yet they held an afterimage that the iPod was high quality and the Mac was easy to use. That switcheroo was pretty savvy, in hindsight.

Re:You didn't even have to purchase it that early (0)

Anonymous Coward | more than 3 years ago | (#33892040)

Think about that. For almost 3 years after iPod's release, you could still have bought Apple at a bargain basement price. It took a long time for Wall Street to shed the malaise it had with Apple after the late 80s and early/mid-90s decline.

That's really not a surprise - you're looking at history with today's rose-tinted spectacles. The iPod wasn't (by a long shot) the first mp3 player, at the time mp3 players were still a relatively new-fangled thing that most people weren't yet using, and Apple's now-accepted user-friendliness wasn't in play either. In fact the iPod UI isn't amazing anyway. It wasn't exactly an "OMFG I must invest in Apple right now!" moment. It wasn't really until the iPod Touch and then rumors of the iPhone that things got really interesting.

Re:You didn't even have to purchase it that early (1)

MachineShedFred (621896) | more than 3 years ago | (#33892172)

You realize the iPod Touch came *after* the iPhone right? iPod Touch was announced in September of '07, while the iPhone was announced in January of '07.

Re:You didn't even have to purchase it that early (1)

mcvos (645701) | more than 3 years ago | (#33892252)

The iPod wasn't (by a long shot) the first mp3 player, at the time mp3 players were still a relatively new-fangled thing that most people weren't yet using, and Apple's now-accepted user-friendliness wasn't in play either. In fact the iPod UI isn't amazing anyway.

There were more mp3 players, but they generally had either less capacity, or they were a lot bulkier. And the iPod UI really was better than the competition in various subtle ways. The scroll speed speeding up the longer you scrolled, made it very easy to quickly scroll through your 4000 songs.

It wasn't exactly an "OMFG I must invest in Apple right now!" moment. It wasn't really until the iPod Touch and then rumors of the iPhone that things got really interesting.

The "OMG I must invest in Apple right now!" moment was when they introduced the iPod Nano. It was then that I learned that the iPod Mini (which it replaced) was the best selling iPod at the time. The Nano was so much smaller with the same capacity, I knew it was going to be a hit. I bought stock for $40, and sold a few months later at 40% profit. In retrospect, I guess I should have held on to it.

Re:You didn't even have to purchase it that early (1)

whisper_jeff (680366) | more than 3 years ago | (#33892166)

...remember those awful clamshell notebooks...

Yes. I remember them fondly. I still think, to this day, that the graphite notebook is one of the coolest looking laptops I've ever owned.

News For Nerds??? Stuff That Matters??? (-1, Offtopic)

pandrijeczko (588093) | more than 3 years ago | (#33891462)

You know something? You people that sit there salivating watching the values of your stocks & shares & caring little about what else goes on in this world of ours have my utmost & deepest sympathy & are totally welcome to it.

Nerds & geeks, whatever their faults, are people who have passions for stuff *OTHER* than just money. Whilst I grew out of that sort of stuff a while ago, I actually have a degree of respect for the person that fills their lives with comic books or Star Wars memorabilia rather than investing in a pension plan or eyeing the stock markets because when I was into that sort of stuff (including RPGs like Dungeons & Dragons), I shared a strong bond with some equally nerdy people & had some good times - and most of those same people have matured with me, grown out of the nerdy stuff (most of it anyway), got married, had kids & still remain close friends to this day.

At the time, we were all too nerdy to care about what people on the outside thought of us - and now I'm on the outside and all grown up & sensible, I don't regret one bit having done those things because it all helped in my education of balancing a reasonably well-paid job with a loving partner & great social life.

I'm happy, own my own house, have good health & don't own a single stock or share in any company. The only money I owe anyone is my bank due to a reasonably-sized mortgage on my reasonably sized house.

So please don't delude yourself into thinking that the price of stocks & shares is "stuff that matters" to a nerd, or even an older partial nerd like me - it doesn't.

Re:News For Nerds??? Stuff That Matters??? (5, Insightful)

Anonymous Coward | more than 3 years ago | (#33891498)

Your long random rampling about how great your life is and how miserable people that own stocks and shares and money are makes me think that maybe you actually aren't that happy but are you just trying to tell that to yourself...

Re:News For Nerds??? Stuff That Matters??? (-1, Troll)

pandrijeczko (588093) | more than 3 years ago | (#33891574)

It may have been a "random rampling" in your view but you clearly didn't read it properly.

Just because I stated that obsession with money contributes nothing to the happiness in *MY* life, does not automatically imply people who do obsess about it are miserable - so take a deep breath or two before hitting "Reply to This" in future.

The whole point of my comment was that stock prices is not "News For Nerds" as Slashdot claims to be.

Re:News For Nerds??? Stuff That Matters??? (2, Interesting)

Frequency Domain (601421) | more than 3 years ago | (#33891822)

The whole point of my comment was that stock prices is not "News For Nerds" as Slashdot claims to be.

I have news for you -- Nerds are not one big homogeneous mass, and you're not the sole arbiter of nerd taste.

But regardless, how can anybody be so blind as to not see the significance when a computer company that was nearly dead a dozen years ago now has a bigger market cap than Microsoft or Walmart, and is closing in on Exxon? No matter what your personal feelings are about their products, they've clearly tapped into something that's getting large numbers of people to fork over their hard-earned money. Whether you're interested in the money aspects or not, a company's success in the stock market is a measure of what is selling in the marketplace. Success breeds imitators, so it's a harbinger of what we can probably expect to see from other companies in terms of products, processes, and market strategies.

Re:News For Nerds??? Stuff That Matters??? (0)

Anonymous Coward | more than 3 years ago | (#33891896)

You know, spending all your time obsessing and replying to every response to your comment only reinforces to everyone what the AC grand parent said...

Re:News For Nerds??? Stuff That Matters??? (1)

pandrijeczko (588093) | more than 3 years ago | (#33892222)

No. It serves to add strength to my original statement that I am a (Slashdot) nerd with little interest in stock prices.

I'd love to sit in a room & argue with you because you sound like the sort of person who storms out in a huff rather than graciously admitting defeat.

Re:News For Nerds??? Stuff That Matters??? (4, Insightful)

lisaparratt (752068) | more than 3 years ago | (#33891500)

Money doesn't have to be the endin itself, it can be the means to an end. They may have just invested because they had fond memories of their Apple ][. Just by chance, they now might have the luxury of being able to geek away to their hearts content, without having to worry about the roof over their head, or where the next packet of cheetos is going to come from. Given the propensity for nerds to give their work away, this is quite a beneficial state for them to be in.

Re:News For Nerds??? Stuff That Matters??? (1)

pandrijeczko (588093) | more than 3 years ago | (#33891674)

Money doesn't have to be the endin itself, it can be the means to an end.

Thanks. You clearly read my post (unlike some of the other responders) & understood the point I made. I enjoy a happy life because I earn a reasonable salary that allows that and I don't think obsessing about getting any more money would make me any happier.

They may have just invested because they had fond memories of their Apple ][.

Even though I'm no Apple fan, this isn't a direct attack on them. It's an attack on people who claim to be "nerds" but obsess about money... nerds don't do that, they use money to indulge their obsessions - i.e a means to an end.

Just by chance, they now might have the luxury of being able to geek away to their hearts content, without having to worry about the roof over their head, or where the next packet of cheetos is going to come from.

I think I get what you're saying here but not quite sure. Putting Apple aside again, if you're saying that they earn enough money to the point where they no longer need to worry about it then, yes, I agree - that probably describes me in a nutshell.

But how does that explain those people who accumulate more wealth than they could ever possibly spend in their lifetimes? Does that not therefore illustrate that for some people, "money" and "everything else in the universe" are mutually exclusive? In which case, I'm in the "everything else in the universe" part but still very happy with my life - that's, again, the point I'm trying to get across.

Given the propensity for nerds to give their work away, this is quite a beneficial state for them to be in.

True. Nerds (of which I am proud to be one, despite being less nerdish now than I was in my younger days) have a true passion for the stuff they like, are willing to talk about that stuff a lot (yes, sometimes to the point of boring, been there, done that, got the T-shirt) and help others.

But do many who accumulate wealth help others accumulate it? Is the author of a "Get Rich Quick" book more concerned about helping others get rich or getting rich himself/herself with book sales?

Re:News For Nerds??? Stuff That Matters??? (4, Insightful)

Sockatume (732728) | more than 3 years ago | (#33891546)

Maybe you should respect that other people have broader interests than you? I personally find it interesting that a vertically-integrated software and hardware company could become a serious part of the economy, after seeing the aftermath of Commodore two decades ago. If this offends you so, you can go stand with the dipshits who can't stand SF clogging up precious sports time in the TV schedule.

Re:News For Nerds??? Stuff That Matters??? (-1, Troll)

pandrijeczko (588093) | more than 3 years ago | (#33891598)

Maybe you should respect that other people have broader interests than you?

Sorry, I don't see how you can legitimately draw this conclusion.

I actually respect self-made millionaires who set out to make themselves wealthy by coming up with inovative ideas that sell whilst treading on the toes of everyone else as little as possible in the process. But in order to become rich, they make the accumulation of wealth their primary obsession, they're happy doing it (and good luck to them) but the chances are, therefore, they have *FEWER* interests than other people. I'm sure self-made millionaires like Richard Branson would be the *FIRST* to admit that.

I personally find it interesting that a vertically-integrated software and hardware company could become a serious part of the economy, after seeing the aftermath of Commodore two decades ago.

Next time, just say "I am an Apple fanboi" - it means the same thing and puts less wear on your keyboard.

If this offends you so, you can go stand with the dipshits who can't stand SF clogging up precious sports time in the TV schedule.

1. No, it doesn't offend me. I am an ex-nerd, prices of stocks & shares hold less interest for me than when the next Star Trek movie is coming out.

2. I watch & read a lot of sci-fi & fantasy (go read my post properly this time & look at the clue in "Dungeons & Dragons) and apart from watching a few rugby games, don't have any interest in sport. But it doesn't bother me sport being on the TV either because there's plenty of other stuff for me to go do. And you've clearly drawn your own incorrect conclusions about me having acted on emotion, rather than reason.

Re:News For Nerds??? Stuff That Matters??? (2, Insightful)

Sockatume (732728) | more than 3 years ago | (#33891662)

If the only thing you see in an article about Apple's stock price is what it means for their investors' bank balances, I humbly suggest that you are the one who is obsessed with money.

Re:News For Nerds??? Stuff That Matters??? (1)

pandrijeczko (588093) | more than 3 years ago | (#33891686)

Okay, let's turn your question on it's head then...

Given that I, who is by his own admission a "nerd", have no interest in Apple's (or indeed any other) stock prices, precisely *WHAT* does that stock price mean to *ME*, in practical terms, then?

Re:News For Nerds??? Stuff That Matters??? (2, Interesting)

Sockatume (732728) | more than 3 years ago | (#33891768)

Use your imagination! We're talking about one company that controls its hardware, its software, and increasingly the services you can use on them, and it's doing very well. What happens when they're not a minority player any more? What happens if they get pulled up for anticompetitive practices? What happens if the reliability of their stock turns them into a cornerstone of investment banking? What happens to the economy if Jobs then dies and Apple, almost inevitably, does a backflip? What if they get bought out by the government because they're "too big to fail"? MacUS?

That's off the top of my head.

Re:News For Nerds??? Stuff That Matters??? (1)

pandrijeczko (588093) | more than 3 years ago | (#33892122)

That's as maybe...

But the only Apple product I have ever owned is an iPod Touch the missus gave to me when she bought her iPhone. Don't get me wrong, it's a neat gadget for a freebie but Apple's failures or successes have little or no impact on me.

You seem to have problems visualising that someone can be a "nerd" without being an Apple freak...

So, once again, please explain how Apple's stock price contributes in any way to my personal well-being or happiness?

Re:News For Nerds??? Stuff That Matters??? (1)

Sockatume (732728) | more than 3 years ago | (#33892230)

Excuse me? Nobody's asking you to be personally interested in this article. You're the one calling for it to be stricken from Slashdot because you can't see the relevance of it, and I've shown why it's "news for nerds", which was all that was necessary to rebut you. The discussion is over.

I'm certainly not going to answer your hilarious, and no doubt logic-free, accusation in the third paragraph. I have in my entire life possessed exactly one Apple product. I've experienced significantly more brand loyalty to hot beverages.

Re:News For Nerds??? Stuff That Matters??? (1)

cheesybagel (670288) | more than 3 years ago | (#33891802)

But Apple is not really vertically integrated.

Commodore made chip design, manufactured chips, did board design, manufactured the boards, made the cases, made the OS, and sold the computers to the retail channel. They even made some applications.

Apple designs cases, designs the overall system, makes the OS. But they do no chip design. And they do not have their own manufacturing facilities for anything. It is all outsourced to someone in China or Korea.

Re:News For Nerds??? Stuff That Matters??? (1)

Sockatume (732728) | more than 3 years ago | (#33891872)

This is true, they're not integrated to nearly the same extent. It's something they seem to be aiming to increase, though. I have to wonder if they'll buy out some of their more important component manufacturers in the coming decade.

Re:News For Nerds??? Stuff That Matters??? (1)

peragrin (659227) | more than 3 years ago | (#33891992)

So apples engineers who designed the altvec coprocessor,apples design specific hardware that allowed for true plug in play. And currently apples purchase of pa semi conductor which designs the A4 processor (a slightly modified arm).

Apple has a long history of custom designing hardware. Then those designers work with the software people to get more computing power out of a given spec.

That sounds like they are vertically integrated to me. They may not design every aspect but why reinvent the monitor?

Re:News For Nerds??? Stuff That Matters??? (0)

Anonymous Coward | more than 3 years ago | (#33892268)

a serious part of the economy.

Yup. Apple makes up about 15% of the NASDAQ index.
This is not a good situation, if previous Apple price movements are anything to go by.

If Steve Jobs' liver explodes, it will take a sizeable chunk of the NASDAQ with it.

Re:News For Nerds??? Stuff That Matters??? (0)

Anonymous Coward | more than 3 years ago | (#33891824)

"Nerds & geeks, whatever their faults, are people who have passions for stuff *OTHER* than just money."

Yup, that's why I like to make sure I have a comfortable retirement fund so I can do the things I'm passionate about when I retire. If you're not and don't own a single stock... good luck!

Re:News For Nerds??? Stuff That Matters??? (1)

pandrijeczko (588093) | more than 3 years ago | (#33892188)

Why do people like you just read what they want to read in anyone else's commemts?

Just because I own no shares does not automatically mean I have not made previsions for my retirement. If anything, just doing so in stocks & shares strikes me as both foolhardy & risky.

Please try to visualise colours between black & white.

Re:News For Nerds??? Stuff That Matters??? (1)

captainpanic (1173915) | more than 3 years ago | (#33891916)

While I agree with you that nerds, scientists and engineers are more valuable to society (I'm asking for a flame, I know) than economists and the latest Wall street Gugu, it does not mean that we must block all information about the financial issues of the world.

It takes you only 5 seconds to scan a summary on /. and /. obviously expects its readers to make the conscious decision to stop reading if they consider it a waste of time. There are plenty of other topics to read...

How is Apple's stock price not a bubble? (-1, Troll)

Anonymous Coward | more than 3 years ago | (#33891488)

There is nothing fundamentally sound about apple stock -- it is a company that sells overpriced inessential consumer items ... The stock price is riding on hype, not on merit. Once the hype goes away (and it will) there'll be a lot of people burned.

I made a good chunk of cash on Apple stock this year, but IMHO only idiots would seriously invest in it for the long term.

Awwell, not so important anyway, enjoy your flamewar.

Re:How is Apple's stock price not a bubble? (4, Insightful)

geekmux (1040042) | more than 3 years ago | (#33891550)

There is nothing fundamentally sound about apple stock -- it is a company that sells overpriced inessential consumer items ... The stock price is riding on hype, not on merit. Once the hype goes away (and it will) there'll be a lot of people burned.

I made a good chunk of cash on Apple stock this year, but IMHO only idiots would seriously invest in it for the long term.

Awwell, not so important anyway, enjoy your flamewar.

There's nothing fundamentally sound about the pet rock either, yet it made the "inventor" a millionaire.

And your comment about once the hype "goes away" is laughable. Kids have been lining up at Apple stores like it was Black Friday, drooling for the latest and greatest tech for years now.

Re:How is Apple's stock price not a bubble? (0)

Anonymous Coward | more than 3 years ago | (#33891622)

Yes, making one person a millionaire is totally the same thing as a single product line rolling on nothing hipster hype sucking up tens of billions.

There is a point where return on marketing and reality distortion will hit a wall, as it has happened with every overhyped product in history.

ATM, Apple's stock is up only because expectations are widely in excess of what it can deliver - and I don't mean analyst expectations, I mean distorted stock owner expectations. At some point, expectations will reconcile with reality, just as product will, and this time isn't very far off.

It is probably already quite ripe for shorting, and shorted it will get, and shorted hard. I'm waiting quietly, and I'm glad there's a whole lot of people who think like you.

Because I'll borrow and sell your stock gladly.

Re:How is Apple's stock price not a bubble? (1)

cheesybagel (670288) | more than 3 years ago | (#33891816)

People get a lot of money selling leather handbags, jewelry and other similarly 'useless' items. This is not any different.

In the long term Apple will get dethroned when the people which are doing all the manufacturing work start selling on their own for cheaper. Samsung was already in the game and their products have been getting more compelling.

Oh and Apple hardware seldom is the best. What Apple is good at is system integration. It is the sum of the parts, rather than the parts themselves.

Re:How is Apple's stock price not a bubble? (4, Informative)

Ironsides (739422) | more than 3 years ago | (#33891572)

Apple has a P/E ration of 22.6. That is about right for a company providing a large annual growth. It's not cheap, but it's not a bubble. Now, Amazon on the other hand has a P/E of 64. For comparison, the P/E of the S&P 500 is around 15 to 16 normally.

Re:How is Apple's stock price not a bubble? (4, Insightful)

Vaphell (1489021) | more than 3 years ago | (#33892152)

does Apple pay dividends or are stockholders just a bunch of people agreeing that a piece of paper is worth $n because fertility rate of penguins skyrocketed? After all penguins and performance of Apple have exactly the same influence over the price of stocks, which is 0. People think it matters but they are wrong. Dividends are what allows to evaluate realistic value of stocks. Without that you just trade a piece of paper and your investment is all about finding a greater sucker once you want to get your money back.

How is that different from housing market which crashed not that long ago? 'It can only go up' bullshit and people lined up to buy only to flip the house to somebody else. House doesn't pay for itself (unless you are into rentals) so it's not much of an investment, your only hope is to find a greater sucker. Stock market full of dividend-less stocks is just a game of hot potato, last one will get burned and wiped out.

Re:How is Apple's stock price not a bubble? (4, Insightful)

Eivind (15695) | more than 3 years ago | (#33891610)

Pretty much all consumer-goods are "inessential" - that by itself is no indication of anything. If it was, Coca Cola, Apple, Starbucks and basically anyone who sells any kind of luxury-goods, would be worth zip.

Re:How is Apple's stock price not a bubble? (4, Insightful)

Sockatume (732728) | more than 3 years ago | (#33891626)

There is nothing fundamentally sound about apple stock -- it is a company that sells overpriced inessential consumer items ...

They sell those overpriced luxury items to a loyal, expanding base of consumers with large disposable incomes, following a consistent yearly schedule of product releases and upgrades. And that's been the state of their business for the best part of a decade. As an investor, it's practically everything you could ask for in a consumer goods company.

Re:How is Apple's stock price not a bubble? (-1, Troll)

Anonymous Coward | more than 3 years ago | (#33892232)

glad to be part of the planned obsolescence? apple is by far the worst company for creating waste, the biggest adopters of new iCrap are people who throw out their old iCrap because apple refuses to create what people want the first time around and most of the time the second and third times around.... e.g. the touch... one of the most asked for features was a camera, that wasn't even put on until the 3rd generation... for a company as innovative and great as apple you think they'd listen to their fanboys but no... they just do their own thing and the herd follows, enjoy the ipad but don't kid yourself, everybody wants a real keyboard

Re:How is Apple's stock price not a bubble? (2, Funny)

dloose (900754) | more than 3 years ago | (#33891668)

Step 1: Say something inflammatory Step 2: End post with "enjoy your flamewar" (you know, the one you just started) Step 3: ??? Step 4: Somehow convince someone to mod your post "insightful"? I've complained about it before, but Slashdot's moderation system is really, really broken. Please mod this post off topic, because that's what it is.

Re:How is Apple's stock price not a bubble? (0)

Anonymous Coward | more than 3 years ago | (#33891800)

How is it offtopic, GP is posting his opinion on the topic of discussion, which is, well, apple's stock price.

Your post, on the other hand, gets my offtopic modpoint, because it has squat to do with the topic on hand.

Enjoy.

Re:How is Apple's stock price not a bubble? (0)

Anonymous Coward | more than 3 years ago | (#33891688)

I dislike Apple as much as the next guy, but let's face the truth:

The iPod has been fairly priced since Ipod G2. I've asked people time and time again to tell me which portable audio player is better for the money. Their suggestions always turn out to be some ugly player that might work all right if you install third-party software. The iPod is the only Apple device that I've ever purchased.

Likewise with the iPhone. It's been pretty damn good compared to the competition the last couple of years. I'm not buying an iPhone out of principle, because Apple don't want to allow you to own your iPhone. I'm hoping Android will catch up and overtake in 2011.

The iMac is a bargain if you're into design and like the looks. Apple could easily sell it for five times the price to rich jerks. Likewise with the laptops.

I don't know what the heck "fundamentally sound" means in a market economy, though.

Re:How is Apple's stock price not a bubble? (1)

xtracto (837672) | more than 3 years ago | (#33892184)

Hey Ballmer! how is the new batch of squirting zunes going?

OT: SlashSuck (0)

Anonymous Coward | more than 3 years ago | (#33891496)

Without JavaScript enabled, you might want to use the classic discussion system instead.

D2 is unusable so I'd say so. How about putting the (currently missing) threshold and display option controls back for users who aren't drooling js-enabled cock-monkeys?

On the other hand (5, Funny)

PolygamousRanchKid (1290638) | more than 3 years ago | (#33891504)

'If you had purchased $10,000 of Apple stock the same month that Jobs again began leading the company, your shares would be worth $554,000 today. Not a bad return on the investment.'"

However, if you bought Apple stock, you probably bought about $600,000 in Apple products: iPhones, iPads, iTunes iThinkpads . . . etc.

So you are down 56,000 on the deal

Re:On the other hand (2, Funny)

Pieroxy (222434) | more than 3 years ago | (#33891910)

But you have a heck of a lot of gadgets to sell back on eBay if you need cash !

My Two Cent Analysis (5, Insightful)

bkmoore (1910118) | more than 3 years ago | (#33891528)

As a long-time Apple investor, I am not terribly surprised that Apple has finally cracked the $300 dollar barrier. The reason I am bullish on Apple and have been for over ten years is that Apple has repeatedly shown it has the ability to find a technical product or market, analyze what is wrong with the current offerings and make a ground breaking product that basically redefines that market. That was the reason the original Apple 2 was successful. You didn't have to know how to wield a soldering iron to have an affordable home computer. The Macintosh again redefined the market by making a mouse-based graphical user interface widely available. Sure others went there first with the Altair proceeding the Apple 2, or the Xerox Alto proceeding the Macintosh, but both products had technical or cost flaws that crippled their chances in the market. This is the same basic formula that Steve Jobs applied to mp3 music players, online music and video sales, cell phones, and most recently tablets. He wasn't the first one to invent these things, but he was the one who was able to see where the short comings were and come up with a better product. Technical users can trash talk Apples products all they want and rant about how brand x's offering can do so much more and costs so much less, but the proof is in the sales. Apple only makes 30 or so products, so they can focus on each product with laser-beam intensity and make it the best in its market. I can't even count how many products Sony, Dell or HP make. Some are great, others are trash. People like Apple's products and keep buying them as fast as Apple can make them. So as long as Apple is able to continue with this business model, I will remain bullish on Apple.

Re:My Two Cent Analysis (0)

cbope (130292) | more than 3 years ago | (#33891658)

Excuse me, but when has a soldering iron ever been required for owning or even building a non-Apple home computer? Sure, there are kits for the hobbyist community, but that is not the mainstream market of a "home computer". I am a long-time hardware hacker and electronic engineer and I can count the number of times I've needed a soldering iron around a PC on one hand, and that's only been for modifying the system outside of it's normal intended use. The same could be said for a Mac.

While I do own a couple of non-Mac Apple products (various iPod models), I firmly do not endorse the walled-garden approach they have been taking lately with their iGadgets. I do work with a few Macs at work, along with Windows boxes. As far as Apple's Macs are concerned, they are nothing more than a tool to do a job, just as a PC is a tool to do a job. Sure, one tool may be better than another at specific tasks but in the end it evens out.

This ongoing talk that all of Apple's products are "ground breaking" in some way or another is drivel, please stop repeating it. It makes you sound like a fanboi.

Re:My Two Cent Analysis (0)

Anonymous Coward | more than 3 years ago | (#33891744)

You're obviously not old enough, or British enough, to remember the Sinclair kits?

Re:My Two Cent Analysis (4, Informative)

panda (10044) | more than 3 years ago | (#33891798)

Read more carefully please. The OP said "That was the reason the original Apple 2 was successful. You didn't have to know how to wield a soldering iron to have an affordable home computer." At the time the Apple ][ was released, the late '70s, that was pretty much true.

Stock Splits (1)

maroberts (15852) | more than 3 years ago | (#33891592)

Can someone enlighten me as to whether the stock chart shows prices per unit stock taking into account of the splits or not?

i.e. after the 1st and 3rd split, the stock price hardly changes, when I would have expected the unit price to halve due to the split. After the second one, the value does approximately half.

Or is the graph simply showing how the value of a current unit of stock has changed, factoring in the splits?

Re:Stock Splits (1)

maxume (22995) | more than 3 years ago | (#33892104)

The graph shows the value of a current unit factoring in the splits.

(So if you wanted the nominal trading price for the stock prior to a split, you would indeed have to do some multiplication)

C4 in the cemetery, ?aliens? overhead (0)

Anonymous Coward | more than 3 years ago | (#33891618)

never a better day to buy more worth less payper? maybe the ?aliens? will help. they sure have some nice shiny rides (complete with light show that would outshine ANY other pimpmobile).

still waiting to see something,... anything that really matters (compared to what is really happening; exploding babies, stock markup/banker FRAUD & LARCENY etc....), here.

Almost (0)

Anonymous Coward | more than 3 years ago | (#33891660)

I almost bought for nearly $1, 000, 000 of Apple actions just before job joined, knowing it would most likely be a very good and not so risky investment.

In the end, I didn't.

Oh the regrets.

whatever happens, don't look at satellite weather (0)

Anonymous Coward | more than 3 years ago | (#33891664)

maps. it's wierd. looks like more than 50% of the country is being, or about to be flooded. maybe the maps/satellites are broken? better to buy more phony payper than to even wonder what really matters now.

likely sent from 'god' to put out all the fires (0)

Anonymous Coward | more than 3 years ago | (#33891736)

it also looks (stupid satellites) like an inordinate area of 'god's' country is on fire.

had to be some kind of 'devine' in(ter)vention (0)

Anonymous Coward | more than 3 years ago | (#33891984)

almost all of the (dozen or so) flood warnings are gone now. aliens? gone as well. the fires....? looks like maybe another 'miracle' might be needed. no problem. when you're crusading for 'god', the only losers, aren't

Scary thing: Jobs's health (1)

Stuntmonkey (557875) | more than 3 years ago | (#33891678)

I bought at $10 and finally sold at $180. The thing that scares me about holding Apple stock long-term is Jobs's pancreatic cancer. Apple management demonstrated clearly that they are not forthcoming about their CEO's health, and let's face it, we've seen what would happen to Apple if Jobs had to dial back his involvement. More than any other company Apple needs its CEO.

They do make great products though, and deserve all their success. I hope my fears are unfounded and that Steve lives a long and healthy life.

Re:Scary thing: Jobs's health (-1, Flamebait)

Anonymous Coward | more than 3 years ago | (#33891722)

I bought at $10 and finally sold at $180.

Please lead me into you shining light, My Messiah, that I may throw flowers at your feet & kiss your shiny ring in adoration!

Apple don't pay dividends (1, Flamebait)

Rogerborg (306625) | more than 3 years ago | (#33891828)

Therefore they don't have "investors", they only have speculators.

The only way you can make money from Apple shares is by selling Apple shares. If you don't get the significance of that, let me put it another way: you always need new suckers to buy in to the scheme at higher prices.

If that sounds like a good long term "investment", then would you be interested in buying in to an exciting ground floor opportunity to market quality steak knives to other steak knife marketers?

Re:Apple don't pay dividends (1)

kestasjk (933987) | more than 3 years ago | (#33891878)

shhhhhhhh

Re:Apple don't pay dividends (0)

Anonymous Coward | more than 3 years ago | (#33891980)

Exactly. Apple is the new Microsoft so where's the pressure to pay dividends that Microsoft endured?

Buying and selling apple stock helped me get through college. Until everyone figured it out, it was a great deal. There was a yearly pattern to their stock that one could follow and know when to buy and when to sell and make a good profit.

Re:Apple don't pay dividends (4, Insightful)

Sockatume (732728) | more than 3 years ago | (#33892048)

The only way you can make money from Apple shares is by selling Apple shares

And the only way you can make money from diamonds is by selling diamonds. Ergo, diamonds are valueless, and it's all a huge bubble. You twit.

You get a pyramid scheme or bubble when there's a disconnect between the actual value of the item being speculated upon, and the price that is placed on it by the speculators. Apple's got a high share price right now because they're raking in a truly comical amount of money with a hugely successful line of high-margin consumer goods. The company is actually worth a great deal more than it was in 2004. No bubble.

Re:Apple don't pay dividends (3, Insightful)

IamTheRealMike (537420) | more than 3 years ago | (#33892108)

Diamonds, at least theoretically, have value beyond their resale price - for example they look nice. Apple stock has no value beyond their resale price as they don't pay dividends and I don't know many people who buy stocks just so they can frame the certificates. That's what the OP meant by calling it a "bubble" - the stocks themselves aren't useful for anything except passing them on to somebody else.

Re:Apple don't pay dividends (1)

Sockatume (732728) | more than 3 years ago | (#33892274)

The stocks' value is no more abstracted than that of cash money. It's not useful for anything except passing it onto somebody else, but it represents something with a well-defined value, respectively a certain fraction of the nation's collective resources in food, material, and skill, and a fraction of Apple's resources in facilities, personnel, knowledge, and cold hard cash.

$10,000 (0, Troll)

imthesponge (621107) | more than 3 years ago | (#33892024)

Who the hell has $10,000 lying around to invest? I guess this is just one of those "the rich get richer" type of things.

Re:$10,000 (0)

Anonymous Coward | more than 3 years ago | (#33892168)

you can save that much in a year no problem... unless of course you don't have a job

Thank you, OneShare.com (1)

Millennium (2451) | more than 3 years ago | (#33892050)

I bought one share of Apple stock back in September 2001, when it was trading at about $20. The stock has split since then, so I now have two shares.

Hearing this news, I really wish I'd bought more.

Tandy (1, Flamebait)

The Shootist (324679) | more than 3 years ago | (#33892100)

And had one purchased $1000 (not $10,000) in Tandy (Radio Shack) in 1972, by 1980 that $1000 was worth $1.2 million (not $554000).

Tandy was the 800 lbs gorilla of PC manufacturing. For 7 years they built and sold more PCs than all other manufacturers combined (IBM, Compaq, AST, et.al. ad infinitum).

No, I didn't buy any.

splitsville (0)

Anonymous Coward | more than 3 years ago | (#33892110)

I am not certain that the summary takes into account the multipliers caused by stock splits. After I finish waking up, I will compute the value of a $10,000 investment = current price times how many shares were first purchased times first split factor times second split factor times ...

Oh wait, capital gains taxes!

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