Terrific reminiscence on the failure of the past meets (too early?) the success of the present. “Today, of course, it’s an entirely different story: we’re all intimately familiar with the concept of the little computer in our pocket. We fell repeatedly for watered-down Palm handhelds which, in reality, we used rarely; we replaced them with iPhones, which we use too much. Now the same critics who shit-canned the Newton for the wrong reasons are shit-canning the iPad for the wrong reasons.
The iPad, though, unlike the Newton, is going to win, and win on an epic scale.”
In 1994 Steve Jobs was the man banished from Apple and striving to make NeXT the next big thing. But something else lay in store. Rolling Stone’s Jeff Goodell walks us back 16 years to a simpler time. It’s a great interview.
Steve Jobs plans to bring new hope to old media with his tablet device. It will work well as a web-searching tool, but in addition it will almost certainly offer access to a wide array of text books, newspapers, and TV shows. According to The Wall Street Journal, Apple (AAPL) CEO Steve Jobs plans to "expand Apple's influence and revenue as a content middleman." The company is already a dominant force in digital music because of its iTunes business. The Journal reports Apple is in talks with major newspaper companies and textbook firms.
Apple recorded revenue of $9.87 billion and earnings of $1.67 billion, or $1.82 per share. That's up from the $7.9 billion in revenue and $1.26 per share of a year ago. And that easily fell within the range of what Wall Street was hoping for. Analysts had been expecting earnings per share somewhere between $1.24 and $1.72, and revenue between $8.74 billion and $10.55 billion.
It's going to happen. And with this, subscription-based "print" media will finally be justified. From Wired: Picture a free magazine app that offers one sample issue and the ability to purchase future issues afterward. Or a newspaper app that only displays text articles with pictures, but paying a fee within the app unlocks an entire new digital experience packed with music and video. This is an example of the “freemium” model that Wired magazine’s Chris Anderson explains in his book Free. It’s a model that some publishers, including Wired’s parent company Condé Nast, are already experimenting with on their websites. (Our sister publication Ars Technica, for example, offers its general content for free, as well as a “Premier” subscription option for readers to access exclusive content.)
Fanboy Alert: I was born without a sports gene but do have a substantial "win one for the, Gipper" mentality. And I mean the real Gipp, not Reagan. Comes from being raised within spitting distance of Notre Dame, I guess. Anyway, for years I suffered along with everyone else who knew in their techno-hearts that Apple was the best thing going. And for years it was going down the drain. Nice to see it in juggernaut mode.
The Cupertino, Calif.-based gizmo and computer company's earnings are expected to jump 14% Monday when it reports results for the quarter ended September.
I know. What goes up, must come down. But the company had been down for so long and so derided that this new lease on life (for Jobs, too) is sweet.
So, what will it take to hurt Apple? Who knows. Maybe if things start going right, for a change. Bad news--and outright weird news--has only made these guys stronger. The takeaway: If aliens invade, go long on Apple.