One RIM Every Two Days
Apple reported its Q4 2011 earnings after the market closed on January 24th. Since then, there have been 18 trading days, and Apple’s market cap has increased by $76.2 billion, from $392 billion to $468.2 billion. That’s a rate of $4.2 billion per day.
According to WolframAlpha, RIM had an average market cap of $8.3 billion during the same 18-day trading period.
For more than three weeks of trading, Apple’s market cap increased at a rate of one RIM every two days.
TweetWhere are the WSJ’s Fact Checkers?
Taos Turner, reporting for the Wall Street Journal:
Apple sold about 87 million iPhones world-wide in 2011, according to its latest quarterly report.
No. Apple sold 93 million iPhones in 2011.
Apple to Take On Windows 8 with OS X Mountain Lion
Paul Thurrott:
Apple surprised tech enthusiasts this morning with an announcement about a coming Mac OS X update, dubbed Mountain Lion, that will ship this summer. There were absolutely no rumors to indicate such a release was coming, and—given the timing—one can logically assume that Apple is trying to steal some thunder from Microsoft’s eagerly awaited Windows 8.
Yep. That’s why Apple released a developer preview of its next-generation operating system today. To steal Microsoft’s thunder. Of course. That makes perfect sense. Especially when you consider that Tim Cook said “I don’t really think anything Microsoft does puts pressure on Apple” today.
Mhm. Perfect sense.
Congress Sends Letter to Apple Over Path Debacle
If only congress worked as fast on the real issues that face this country.
Calling Captain Obvious
Josh Ong at AppleInsider:
A new analysis from investment bank J.P. Morgan says Windows-based ultrabooks are unlikely to achieve similar success as Apple’s MacBook Air in their first generation and will not become “meaningful enough” to drive growth in the notebook PC market until at least 2013.
Why will 2013 be different?
To Catch a Hypocrite
MG Siegler:
These assclowns should be fined out of existence or go to jail for a level of hypocrisy so bad that it makes Newt Gingrich seem like a good husband fully qualified to lecture others on ethics.
Sell Apple Shares at $475
Bullshit. In the short- and long-term, $AAPL is one of the safest investments you can make.
School Bans Fuzzy Boots Used to Hide Cell Phones
Dave Warner at Reuters:
Starting Monday [Pottstown Middle School] is banning the wearing of fuzzy open-top boots, including the popular Ugg brand, to middle school classes because students have been stashing cell phones in the loose footwear, according to district director of community relations John Armato.
Seriously? Should they ban backpacks because students can hide their phones in them, too?
The Austerity Debacle
Paul Krugman:
Such invocations of the confidence fairy were never plausible; researchers at the International Monetary Fund and elsewhere quickly debunked the supposed evidence that spending cuts create jobs. Yet influential people on both sides of the Atlantic heaped praise on the prophets of austerity, Mr. Cameron in particular, because the doctrine of expansionary austerity dovetailed with their ideological agendas.
Put another way, economics has become politicized.
Apple Predicted to Sell Up to 40M iPhones on China Mobile, China Telecom in 2013
At current sales prices, that would be more than $13.5 billion in profit.
