Christian Montoya

Why would anyone be weary of Apple right now?

I’ve been thinking about the drop in Apple’s stock prices lately. Just because Steve Jobs is sick, and he’s temporarily on leave from the CEO position, investors are losing faith in Apple. Does anyone else find this dumb? Let’s examine Apple’s current position:

- iTunes now has DRM-free music as a STANDARD, meaning that many of their competitors no longer have an advantage & their detractors no longer have a reason to avoid it. Apple is winning the war against DRM, putting them in the favor of consumers. Amazon, Microsoft, etc. are falling further behind in the competition.

- iPhone 3G remains the most popular & stable mobile platform. Google launched & marketed their competitor, and Apple still remains miles ahead. Most importantly, developers continue to choose & develop for the iPhone, and wherever the developer community is putting their best work, that’s the platform that will succeed! Just think about the PS2 vs. Xbox vs. Gamecube wars. Good apps = happy consumers. It even makes people want to switch. And while the App store has its problems, it’s still a game-changer.

- Macs continue to gain increased market share. The new line of Macbooks is great. It’s not losing steam any time soon.

Basically, while Apple may not have any “new products” this year, they are clearly solidifying their platforms and continuing to show both promise & potential in each one. Who cares if Steve Jobs is sick? Who wouldn’t want to invest in this company? In the past I’ve said that Apple is overvalued, but right now I think it’s undervalued!