Is Apple “yesterday’s stock”? That’s the term one portfolio manager used to describe the world’s most valuable public company. Speaking to BNN on Tuesday, Norman Levine, managing director at Portfolio Management Corp., raised concerns over the company’s future1.
“When Steve Jobs died, the great innovation – I believe – came to an end and now it s more incremental than the new stuff coming out,” Levine said. “The smartphone market which is where they dominate now, the handset market has been a graveyard for companies: BlackBerry, Nokia, Motorola. And hopefully Apple doesn t fall into that.”
Levin said he likes to own what he calls “today stocks” and “tomorrow stocks.”
“Apple, to me, is a yesterday stock,” he said. And this is from somebody who owns almost all of their products.”
In April, Apple announced its quarterly revenue fell2 for the first time in 13 years, as iPhone sales fell from a year earlier. Apple sold more than 51.2 million iPhones in the first three months of 2016 — racking up $10.5 billion in quarterly profit. That was more than many analysts expected, but still fewer than the 61 million iPhones sold a year earlier.
In recent weeks, some analysts have raised concerns over what Apple will do next3, as their latest iPhones are similar to previous models, while overall smartphone sales begin to slow worldwide. So can Apple come out with the next great product? A blog post by New York web and iPhone developer Marco Arment, who was the lead developer for Tumblr for four years, hypothesizes about Apple going down the same path as BlackBerry, who was once the leading global smartphone marker.
“BlackBerry s success came to an end not because RIM started releasing worse smartphones, but because the new job of the smartphone shifted almost entirely outside of their capabilities, and it was too late to catch up,” Arment writes4.
While much of Apple’s success revolves around the iPhone, Arment points out that a number of other technology giants including Google and Facebook are making major investments5 in artificial intelligence and virtual reality
“Today, Amazon, Facebook, and Google are placing large bets on advanced AI, ubiquitous assistants, and voice interfaces, hoping that these will become the next thing that our devices are for,” Arment writes. “If they re right and that s a big ‘if’ I m worried for Apple.”
With files from The Associated Press
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In the latest Sony Xperia XA Ultra release date update, the 16MP front-facing camera phone was recently made official in the global market, with sales starting in July only in selected markets. Word has it that this could be the first phone capable of taking outstanding selfies like never before. A recent listing of the smartphone on Sony Mobile s official US website lends the notion that the new phone will land in the US anytime soon. Mobile Syrup, however, points it out that the smartphone will come to Canada in the later part of the year. As of now, only the unlocked version of the Xperia XA Ultra will be sold in the US alongside the Xperia XA1.
It is tagged as the world s first handset to take exceptional selfies even when the light goes down. In every circumspect, the new device is different because of its selfie camera boasting the highest megapixel counts. Sony is popular for creating sensors which are well-known for taking seamless pictures, reported Phone Arena3. Like us on Facebook
Aside this, the Japanese multinational conglomerate corporation has the technical expertise to create great picture qualities for its cameras that are suitable even in low light conditions. Optical Image Stabilization (OIS) is used on rear sensors to enable flawless pictures even if taken by shaky hands.
The 21.5MP rear camera on the Xperia XA Ultra works promptly to capture shots in the blink of an eye. PCMag7 claims that the new Sony handset has more to offer than what meet the eyes. Designed in a metal framework, the device is easy to hold in hand, thanks to its one-handed operation mode and a slim built! Battery life won t be a concern, since Sony demands that the phone can operate smoothly for two days from a single charge. Nevertheless, you can ensure a quick charge of five hours and 30 minutes usage from 10 minutes of charging.
The Japanese firm has not yet revealed the price of the handset, but it is expected to be reasonably priced aimed for the midrange market.
As for the color options, the handset will come in white, gold and black.
For comments and suggestions, leave a message in the comments section below.
- ^ Xperia XA (www.phonearena.com)
- ^ Sony Xperia Z3 Compact Tablet Leaked (www.morningledger.com)
- ^ Phone Arena (www.phonearena.com)
- ^ #Sony (twitter.com)
- ^ https://t.co/XRq38KR2rz (t.co)
- ^ May 18, 2016 (twitter.com)
- ^ PCMag (au.pcmag.com)
- ^ Sony Xperia Z2 US Release Tipped For Summer (www.morningledger.com)
- ^ Facebook Page (www.facebook.com)
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