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Apple Reaches 12% Market Share In U.S. Notebooks
bonch writes "Apple's U.S. notebook market share has doubled to 12% after shipping 1.33 million Macs in the quarter. Apple also shipped 8.11 million iPods, topping analyst estimates, for a net income of $472 million. Remember when Apple was dying?" From the article: "The iPod shipments appeared to calm investors worried that growth in that red-hot business was slowing and Apple's results topped what analysts had said was a conservative forecast. Shares of Apple were down some 24 percent since early May. 'Apple looked good,' said Jane Snorek, technology analyst with First American Funds. 'The PC numbers were great, too.'"
Perhaps, but there are a few counter-points to be made. Take a look at how their stock has performed:
http://finance.yahoo.com/q/bc?s=AAPL&t=5y
Notice that every year except 2002, the stock price started accelerating after WWDC. Apple stock, therefore, is usually flat or slightly downward trending for the first half of the year. The stock market is heavily influenced by whatever Jobs' latest reality distortion is.
I would also argue that, in addition to the seasonal fluctuation's effect, Apple stock was highly overvalued at the end of last year on half-baked speculation that apple would somehow conquer the entire PC market because of its move to intel. What we're seeing right now is that unbridled enthusiasm getting reigned in. If the apple desktops sell as well as the macbooks have, I expect we'll see the price jumping up again after August, which of course will dissipate by the end of the year, rinse, lather, repeat.