It continues to receive thousands of page views. I reckon that's because it conveys a public consensus that many other writers refuse to reflect.
Apple (AAPL) stock continues to struggle despite the the obvious reality that this company has zero meaningful competition. Yet the media pump the hysterical notion that Apple has lost its edge. Maybe it will, but in the current environment, that's irrelevant.
A reader pointed out on Twitter that not one comment on my column supported me; they all attacked me.Let's make a few things clear out of the gate. First, the major criticisms of my article from what amounts to a peanut gallery:
- Google's (GOOG) war on price makes sense as a way to distribute its Web services.
- Google's Android is outpacing iOS worldwide.
- Apple wins with consumers because of a "first to market approach." (That's a head-scratcher, I know.)
- The author -- me -- is an idiot iSheep who does no research and has no idea what he's talking about.
The term originated back in the theatre, where the cheapest seats were those way at the bottom floor and where people purchased peanuts because they were the cheapest snack. If they disapproved of the performance, they would throw the peanuts.The peanut gallery response on AAPL reminds me of the way Research In Motion (RIMM) bulls countered -- feebly -- when their company was crashing. The random peanut gallery members who think Microsoft (MSFT) belongs in a conversation about competition with Apple should read this short, but excellent Businessweek piece on MSFT as the "classic value trap." The RIMM permabull of 2011 is the new MSFT permabull of 2012-2013. I invite anybody who claims I do not do "research" to come sit with me in my office as I work 12 to 16 hours a day. Just because I do not regurgitate the same numbers everybody else uses or come to the same conclusions does not mean I do not do research.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV