The iPhone 5 is
not about innovation. It is more about revenues, sales and profit.
Apple Inc.(NASDAQ:AAPL)
Chief Executive Tim Cook is no Steve Jobs with a vision to change the world. He
also has no aspirations in that direction. He is a man who has a job to make
the best smartphone in the world and make sure that he is giving customers what
they need.
And that is
exactly what the new iPhone from Apple sets out to do.
Apple unveiled
its new
iPhone on September 12 and though it lacked any innovative features, it was
still well received by the tech community.
The faster
processor, higher download speeds from 4G networks, an upgraded software are
all enough for the company to grow its revenues for the next few years.
But does this
mean that Apple has stopped innovating?
That question
should have been asked when Apple launched the iPhone 4S, which was just a
souped-up iPhone 4 with Siri as an added attraction.
So to ask this
question about innovation at this juncture may not be appropriate. What stands
out very glaringly is that the new iPhone is a very efficient, useful and
powerful smartphone and quite equipped take on the competition from rival
handset makers.
Apple shares
rose to a life high of $696.98 in Friday's trading session. In the past three
months the shares have risen by about a fifth, while in 2012 so far the stock
has gained more than 70 percent.
Will AAPL Hit $1000 BY This Year? Find
Out Here
From an investor
point of view what we have to look at is - is the stock capable of generating
returns even at these levels?
Yes, if we go by
what the analysts have been predicting. Many of them have predicted
that the new iPhone is capable of selling 10 million units by the end of the
month.
The devices are
expected to be on store shelves from September 21.
As has been
reported widely, pre-orders
of the iPhone 5 on several sites hit their limits and delivery times had to
be pushed back by several weeks.
You can gauge
the response from that.
No comments:
Post a Comment