This was the cute display in the Apple Store in Oklahoma City in December. I put my mother on a mac. She can go into the store if she needs to. Number one tourist spot for NYC visitors is the Apple Store on Fifth Avenue. If you experience an Apple store, you'll understand why it works. But here are more reasons that affirm my belief that Apple stock will continue to go up this year (it was up 135% for the year at the end of December). Jim Cramer mentions that when the economy is going down, Apple is a tech big gun that just keeps going up.
As they say for those expecting to attend the big MacExpo next week: "...it's a series of calibrations of the world as you know it. Your perspective will be jolted. Your creativity will be ramped up. You will walk away realizing it's not just the world that's changed. It's you, too." Ah. The Apple Experience.
Apple's MacBook Pro ranked as the top notebook computer and InfoWorld called Leopard "a turning point for the Mac," in awarding both the Technology Awards which is significant since InfoWorld usually focuses on PC and Windows-based applications.
Best Buy wants to nearly double Apple's product presence in its stores, increasing the number of stores-within-stores to 500 in the next year. Apple now derives 20 percent of its revenue from its physical stores. And the number is growing. In the fourth quarter in 2007, which ended Sept. 30, Apple reported that the retail stores accounted for $1.25 billion of Apple’s $6.2 billion in revenues, a 42 percent increase over the fourth quarter in 2006. Apple plans to expand to Germany, China, France and elsewhere and the profit per square foot for its retail space is far higher than any other consumer electronics or luxury retailer. Tiffany & Company doesn't even come close in comparison. Mac sales per store grew 26 percent year-to-year in fiscal 2007.
At left is a chart of Apple's stock price for two years. Prices usually spike leading up to MacWorld Expo, which opens January 14 in San Francisco. A new Mac ultra portable laptop is rumored to be unveiled. At last year's Expo, Steve Jobs unveiled the iPhone and the name change to Apple, Inc. Bill Gates gave his last keynote address this week at the Consumer Electronics Show, announcing that over 100 million copies of Windows Vistas have been shipped. Some called the Gates keynote boring and no smash hits have come from his keynotes lately. Apple is said to be one full year ahead of its competition.
Mmmmm. I love Apple.