ReadWriteWeb’s Dan Frommer:
There are plenty of impressive stats in Apple’s December quarter earnings report, such as 37 million iPhones shipped, $46 billion of overall sales, and $13 billion of profit.
But Apple’s most impressive stat continues to be its growth rate: Apple is not only huge, but it is growing at a rate far greater than its peers. And, even more incredible, its growth rate is accelerating.
Keep that in mind. Apple has a huge amount of room to grow, whether it be in the PC, phone or tablet market.
And that’s the amazing thing. With only single-digit worldwide PC market, and global smartphone share growing- Apple could conceivably continue this way for a while. Even with their focus on “high-end” PCs only, I think the Mac could grow to 20% globally, and 30% in NA. If Apple ever did decide to come out with lower cost PCs (by that I mean LOWER, not commodity low) they could capture even more marketshare.
Wait, what am I saying? The iPad- and it’s doing just that!
“With only single-digit worldwide PC market, and global smartphone share growing- Apple could conceivably continue this way for a while.”
Exactly. I don’t think a lot of the Tech Press has caught on to that fact. Its insane when you think about what Apple has done and how far it can still go.
I’m still invested in Apple based on it’s Mac line of laptops, airs, and Macbook Pro’s. I would pay the current share price on this product alone. I went in at $65/share forcasting a 500 exit price, and this was before iOS even existed. iOS has been a BIG FAT CHERRY on top, and even though it represents a majority of growth and revenue for Apple now, that does not undercut the importance and extreme growth of their OS X devices, which are quite simply the best value in computing and TCO that the planet has ever seen. See you at $1000