What's your plan now?
Immediately upon covering my AAPL short, I went long NFLX, which certainly has been a better use of capital over the past few months.
I see no real profit center for Apple outside of the cell phone business going forward at this point. Now that the "franchise" is truly coming to the tab form ... no totalitarian lock in, no sacrifices, no 30% subscription and application cuts, I can only reemphasize my comparison of the iPad to the Atari console. It is a very limited life consumer good - entirely by design - that no business enterprise will take seriously. The single-digit market share PC business for Apple will remain that way.
Android is soaking up cell phone market share left and right, and Nokia will use its sizable manufacturing capability, market share and carrier relationships to further crowd the iPhone out of this market and into third place as predicted by IDC and others.
It is quite literally, Windows 3.1 all over again for Apple. Evolution kills the revolution. And you will literally be able to run your legacy Windows apps on at least the x86 tabs.
I'm sorry to be the messenger; its been one hell of a run for AAPL, but its over now.
I am not short AAPL at this time, but would love to go long NOK when I feel a bottom has been reached.
Seriously, if I were completely wrong, which I'm not, what kind of returns do you seriously expect to see in AAPL? They pay no dividends, the stock is flatline and growth would be extraordinarily difficult at present valuations.
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