Apple Update October 22nd-28th

This page provides a report of all important updates and discussions involving Apple Inc. between October 22nd and October 28th.

Monday, October 27th

  • Rumors are flying around the internet regarding a $99 iPhone. One article on SeekingAlpha.com discusses how Apple "could crush competitors with a $99 iPhone." And here is a report from Silicon Alley Insider about the possibility of a $99 iPhone.

Apple (AAPL) could slash the price of an iPhone to $99, continue to supply a nice margin of more than 40 percent and potentially dominate the smartphone market. One analyst said that a $100 price cut to the 8GB iPhone 3G could “double or triple” sales and quickly overtake other smartphones that are popping up these days, leaving only established successful smartphones - like the Blackberry - as competitors.

Sunday, October 26th

  • Apple released news of its new operating system, Snow Leopard. This article might be a bit too specific for your position, however, its important to have a general knowledge of their operating system.
  • AT&T has inquired with many iPhone owners to explore what features to include on future devices. The survey primarily evaluates satisfaction with AT&T and Apple, although a whole page questions what features or improvements users desire to be included with future iPhones or updates.

Friday, October 24th

  • Apple publicly announced today that it is opposed to Proposition 8, a bill that would ban marriage between same-sex partners in California. Apple donated $100,000 to the No on 8 Campaign. Apple issued this statement on their Hot News Site:

Apple is publicly opposing Proposition 8 and making a donation of $100,000 to the No on 8 campaign. Apple was among the first California companies to offer equal rights and benefits to our employees' same-sex partners, and we strongly believe that a person's fundamental rights — including the right to marry — should not be affected by their sexual orientation. Apple views this as a civil rights issue, rather than just a political issue, and is therefore speaking out publicly against Proposition 8.

The mere 2 percent growth, with revenues of US$4.22B, concerned analyst Matt Rosoff. "That fell pretty far short of Microsoft's expectations. That's always a worry, since it's the core of the company's business." Worse, the most recent quarter was the second of three that saw Vista sales grow poorly or shrink, noted CW's Eric Lai.

Earlier in the week, at a Gartner symposium, Steve Ballmer suggested that customers migrate to Vista now but that Windows 7 would be "a lot better." With corporations taking 12-18 months to roll out a compatible successor to Windows XP and struggling with Vista, Mr. Ballmer's advice likely left them gasping for breath.

Thursday, October 23rd

  • Wall Street Journal analyst Walt Mossberg wrote this review discussing the new MacBook. He is very impressed with the design, and claims it is an excellent product.

All in all, Apple's new MacBook is a terrific choice for consumers and students, if you can handle the $1,299 price.

Wednesday, October 22nd

  • I found an OUTSTANDING analysis of Apple's most recent quarter data from SeekingAlpha.com. Read this through entire article, as this is what your job entails!
  • To start Apple University, Apple hired the dean of Yale. No details have yet been released about what the Apple University is going to be, although the expertise of the upcoming dean suggests that it will serve as an educational facility for the company's employees.

Apple recently hired Joel Podolny, the dean of the Yale School of Management, to join the computer maker as the vice president and dean of Apple University, according to the Wall Street Journal. Podolny has worked with Yale since 2005 with a particular focus on organizational-behavior research, with recent studies of how leaders infuse meaning into their organizations. He also taught at Stanford and served as the Director of Research at the Harvard Business School.

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