The iPod isn’t just a music player. It’s an incubator. Steve Jobs’ has thought of it as such from it’s conception. He’s always said that if people buy an iPod and experience the Apple difference that they’re likely to branch out and possibly buy an iPhone, maybe even a Mac.
Did you see Apple’s stock today? It’s safe to say his plan is working. Apple’s Mac computer business is tearing through industry growth rates. Apple sold 2.16 million Mac’s last quarter, a 34% increase from this time last year and over double the rate of PC growth of 15.5%. The October 26th release of OS X Leopard can only push this even further.
The iPhone is in the hands of over 1.4 million people less than 5 months after it’s introduction. It took the iPod over two years to see that kind of reception. Do you see the snowball effect happening?
Is this a historical take over in progress? Is the stock going to continue to climb or is it poised for a minor pullback? Any YGG’s out there currently invested in AAPL? We’d love to hear your thoughts.
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