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Showing posts with label Apple. Show all posts
Showing posts with label Apple. Show all posts
No worms in Apple stock
Apple (AAPL) has taken a bit of a stumble on Wall Street lately. Now, investors need to figure out whether it's a great buying opportunity or if this is the beginning of the end of Apple's fabulous bull run.
Shares of Apple have now fallen 10% from their all-time high of $705.07. The stock dipped slightly Tuesday, making it the fourth consecutive down day for Apple.
Apple was roundly criticized for its new Maps app, with many people preferring the previous map from Google (GOOG) that was bundled into Apple's iOS. Related: Comprehensive coverage of iEverything in Fortune's Apple 2.0 blog
The days of Apple as the plucky David of Silicon Valley doing battle with the monolithic Wintel Goliath are long gone. Remember the kerfuffle over the iPhone 4 antenna? Nobody should be surprised that Apple shares are taking a breather. I followed that up last month by saying that "as Apple's stock climbs higher and higher, it's harder for new products to immediately move the needle."
Apple proved it is fallible. Will the rumored iPad Mini, which may be unveiled this month if the chatter about an imminent invitation for another special Apple event are correct, be the product that restores the sense of magic and wonder usually associated with Apple? Apple will release its next quarterly earnings report on October 25. As a result, Apple's stock is once again looking reasonably priced, trading at 11.8 times fiscal 2013 earnings projections. Apple had been valued at 13.5 earnings estimates for next year at its peak $705 price.
Related: Apple's biggest apologies
The sense of alarm about Apple's stock slide is even more comical when you consider that this isn't even the first time in the past 12 months Apple has "corrected."
There was almost a mini-Apple bear market this spring. After Apple hit a then all-time high of $644 on April 10, the stock then tumbled 19% to $522 by May 18 thanks to concerns about a slowdown in the global economy. (Sound familiar?) And shortly after the iPhone 4s hit stores in mid-October of last year, Apple's stock fell nearly 15% over a seven-week stretch from a then-peak of $420.70 to $363.32.
Sure, Apple will eventually top out. But I doubt that the stock has already peaked.
See More Market Plan in On Fina
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Motorola CEO Back to Moto X
Motorola Chief Executive Dennis Woodside has a Moto X phone by his side, a bespoke design of aqua blue with gold accents. “It’s pretty cool,” he says. Then he gets to his “now-watch-this” moment.
The phone opens up its default navigation app, Google Maps, and gives directions to Motorola Mobility’s headquarters in Silicon Valley.
Voice commands can wake up the phone, a lot like the “Ok Glass” commands that fire up an application on Google Glass.
The ability to trigger the Moto X with speech is one of Motorola’s unique contributions as the phone’s manufacturer, following Google’s acquisition of Motorola Mobility in 2011 for $12.5 billion. Moto X represents a combination of Google software and the technology behind its voice assistant Google Now, and Motorola’s proprietary X8 mobile computing system. The phone has eight processing cores, two of which manage information coming in at all times from the phone’s microphone, gyroscope and accelerometer. “Google is the first to commercialize the self-driving car,” says Woodside. “This is the first self-driving phone.”
The Moto X
Moto X the first flagship smartphone that Motorola Mobility is building from scratch under Google’s ownership, and the first obvious attempt for Google to see a payoff from the original acquisition. Woodside and his team are betting that mainstream customers will also like the array of colors and materials they can choose from when ordering a Moto X phone. Mark Randall, a former Amazon executive, has masterminded the supply chain system that Motorola will be using to ship Moto X devices.
Woodside says that the Moto X uses some of Motorola’s own speech recognition algorithms as well as third-party algorithms. Nuance’s speech recognition technology powers Apple’s virtual assistant Siri as well a Samsung’s S-Voice.
The MotoX will only launch and execute speech commands within Google apps, but Woodside said it was “possible” that the phone could also integrate its voice technology with third-party apps, like the navigation app Waze, in the future.
Google, which also provides the Android operating system for free vendors like Samsung, HTC and Huawei, faces a tricky balancing act: promoting its own Android phone and hardware that it now owns, while maintaing relations with vendors it increasingly competes with thanks to its ownership of Motorola Mobility.
“From the Motorola standpoint, we truly have operated Motorola separately,” he says. “A better mobile device makes Google services much better.
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