Thursday, February 28th, 2008
Consider that, relatively speaking, Apple’s stock has been down in the dumps of late. A lot of that isn’t due to any particularly bad news, just the illusion that bad news is on its way.
Take the iPhone. Now, although this continues to be misquoted and misrepresented over and over again, Apple has said that it hopes to reach the 10 million unit sales milestone by the end of 2008. That’s not saying there will be 10 million sales this year; that’s the total sales since the product was first introduced in the summer of 2007. I just want to get that distinction out of the way before the wrong version is repeated all over again.
Well, Apple’s chief operating officer, Tim Cook, took the bull by the horns at the Goldman Sachs Investment Symposium this week and reiterated Apple’s promise to reach the 10 million sales goal by the end of this year. Now this is no different from what Cook and other Apple executives have said all along. Unfortunately, Apple, though it usually meets its promises or comes pretty close these days, is still regarded with supreme suspicion, while Microsoft’s fanciful claims about products that are late, crippled or never reach the light of day, are usually accepted as gospel.
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