Apple's Stock
From TechCrunch:
Once again, Apple CEO Steve Jobs wowed the crowds like no one else can. In his 9 am keynote at MacWorld in San Francisco this morning, Jobs announced the new iPhone cell phone. From the description in appears to be a game changing device, and the public markets seem to agree. As of the time of this writing, Apple stock is up over 7% for the day. Competitor Research in Motion (Blackberry) is down over 6%, wiping $2 billion dollars in market cap off the table. Palm, maker of the Treo, is also down, nearly 6%.
I love Apple's never-ending desire to innovate. I love how they craddle the cutting edge. I love the risk-taking. I love how billions of dollars moved through the stock market as a result. I love how the liquidity made it so easy to do. I love how computer geeks, bloggers, men who love their toys, women who love to talk on the phone, and everyone else under the sun is salivating for the iPhone. I love how Apple's competitors now have to step up to the plate and deliver an even better product or else die trying. I even love Steve Jobs' lust for showmanship.
Folks, this is what capitalism is all about. Breathe it in!
