Here we are a week later, and lines reportedly still continue to form for the second generation of the iPad. Shipping times are still at 4-5 weeks on Apple's site. Despite the continued onslaught of demand, Apple, along with its manufacturing partner in Foxconn, believe they have enough components on hand to be able to assemble new iPad 2s for at least another 2 to 3 weeks before a potential stockout that would put production on ice if the tragic situation in Japan does not improve.
If you didn’t manage to grab an iPad 2 last Friday or successfully get an online order placed in the wee hours of it first being made available, it’s looking increasingly like you’ll have a long wait ahead of you.
When an Apple product becomes scarce in stores and online, it isn't too long until talk of a product refresh hits the interwebz. This has been the way of things amongst the Apple faithful for time immemorial. With this in mind, let us talk of products in need of an overhaul, exasperating shipping times and iPod Classics.
Now for some other business news. You may have caught word that yesterday Apple announced that it "expects to experience decreases in its gross margin percentage in future periods, as compared to levels achieved during 2010," due to a mix of new products that cost the company more to produce and an expectation that product components and other costs will rise. On the flip side though, the company also saw a hiring boost in their annual report that was filed with the SEC.
It's Monday, and that means with two days of rest from soothsaying and divination, it's about time that the world got back to the serious business of making off-the-cuff financial predictions once again. According to Brian White, a financial analyst for Ticonderoga Securities and part-time fortune teller, Apple stock could reach as high as $430 per share this year, propped up by a wicked-hot product line that's set to be an even greater success as the world draws closer to the upcoming holiday season. So confident is White in Apple's ability to dazzle the purchasing public, that he's declared the company will most likely overtake Exxon as the most valuable company in the world according to market value within the next 12 months.
We’re used to seeing lists of the top earners, right? So imagine our surprise when CNNMoney offered up a list of the 15 top CEO overachievers -- you know, the guys who on the books make little in salary but make up for it with bulging stock options -- and Apple’s own Steve Jobs makes the top of the list.
Sometimes you're up, sometimes you're down. It was years and years ago, when the Internet was just this thing that a few people were into, and Apple was hurting. There were patent battles (and losses) and there was weak stock.