All right, here’s the deal: When Steve Jobs announced last week that Apple was dropping the price of the iPhone by $200, the company’s stick took a dive. Indeed, even though this was supposed to be a good thing, some Wall Street analysts went out on the limb with ill-informed claims that this was some […]

When Apple decided to drop the price tag of the iPhone by $200, a lot of people wondered what Steve Jobs was “smoking.” After all, if a product is truly successful, you’d expect them to milk the profits from their new gadget for as long as possible before chasing after maximum volume. But Apple is […]

One of the most famous statements in American filmdom came from Jack Nicholson, playing a corrupt general in Rob Reiner’s “A Few Good Men.” In one of the classic scene-chewing segments of that film, he announced to an angered Tom Cruise, portraying a JAG attorney, “You can’t handle the truth!” Indeed, I often think that […]

By nearly any estimate, Apple is doing extremely well these days. For the fiscal quarter ending June 30th, for example, they beat the street once again, reporting record earnings of $5.41 billion, with a net profit of $818 million or $.92 per diluted share. In contrast, last year’s quarterly results totaled $4.37 billion, with a […]