Word: pcs
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...Analysts would be wise to remember that most books are read by old people. Readers under 30 are scarce. They were raised on spending time on PCs and playing video games. Many are under-educated and can barely read at all. Asking people who wear reading glasses to spend a lot of time trying to make it through a book using a small screen is not much of a business...
...will need all the people who work at the company and perhaps more. Apple is one of the few companies in the U.S. prepared to drive product introductions and spend to pick up market share as the recession deepens. Apple believes that it makes the best consumer electronics and PCs in the world and it is not going to let anything get in the way of expanding those franchises. (Read a TIME cover story on the iPhone...
...home had a car in 1920, a phone in 1930, and a TV in 1960, the PC is the household appliance of the last 20 years. Most households have one PC. Some have two or three depending on how many children are in the house. The cycle of upgrading PCs has been fairly steady. It has been driven by more powerful processors from companies like Intel (INTC), new operating systems from Microsoft (MSFT), and broadband which gives the PC owner access to a universe that did not exist a decade...
...sales are not growing any more. As a matter of fact, they are shrinking and the drop is accelerating. Hewlett-Packard (HPQ), the largest manufacturer of PCs in the world said that its revenue from notebook PC sales dropped 13% in the last quarter and desktop revenue fell 25%. It is likely that results from Dell (DELL) will not be any better when it posts its quarter. Wall St analysts are starting to say that their surveys of retail outlets even show Apple Mac sales slowing...
...well built. A typical Intel processor that is two years old has more power than almost anyone needs. Laptops made two years ago were light and had impressive battery life. The screen resolution from most machines bought in 2006 is fine for watching online videos or DVDs. And, PCs used to come with Window XP, which is still preferred to the current Microsoft product, Vista...