It continues to be a bullish market for Apple Inc. as they exceeded the $100 billion perceived market value this past week. This makes Apple’s value almost twice that of Dell, who’s founder Michael Dell made the statement only three short years ago that they should shut Apple down and give the money back to the shareholders.
Mr. Dell, maybe you should take your own advice when dealing with your company?
The future financial outlook for Apple appears good with advisors from Morgan Stanley asserting that Apple is still underrated by investors.
Much of this projected value of Apple rides upon the successful introduction of the iPhone as well as additional future portable Mac devices. I believe the iPhone has become a pivotal product for Apple. Not only is it a new market venture but it also may hold the future of the iPod in it’s design, execution and functionality.
Apple understands the importance of this moment as well, as indicated by their focus of resources on the development of the iPhone to the resulting delay of the release of OS X Leopard 10.5. A resounding success here could propel them to new heights.
Sustaining this Apple appreciation is now very much about making all the right moves.
Update 06/03/07: Apple ads say that the iPhone will be available on June 29th, 2007.
Technorati Tags: apple, business, iphone, stock
Dude! You’re gettin’ a … never mind! :-)