A totally abbreviated post on the Watch, mostly written just “for the record“1. I started accumulating Apple stock when I saw the iPhone in NYC. AT&T simply didn’t work, yet I noticed the phones everywhere in spite of AT&T’s suckiness. Tehnically, I started buying Apple stock after the iPhone though.
I believe you’re running out of runway to buy into $AAPL before the Watch and that would be a missed opportunity.
I’m excited about the Watch. Not sure if I’ll buy the first version… who am I kidding? I’m buying the first version, the only question is do I go with the light aluminum one that only has a glass face, or with the heavier one with a sapphire face. I haven’t worn a watch, except for a few months when I first started working, since my early teens when I was afraid I’d back out of a fight because I wouldn’t want to break my watch. That was over 3 decades ago.
Here’s what you need to know:
1. The history of horology, which I’ve just come across. I can’t find the link, it’s quite possible I heard this on a podcast, but the basic storyline is that time pieces used to be really large. They got smaller and smaller, and more accurate, and went from towers, to big pieces in homes, to things that sat on tables and could be kept on ships, to the pocket, and finally to the wrist. With a few tweaks, that sounds like computers. They were big, had their own rooms, and there were only a few for everyone. They got smaller and smaller, sat on peoples desks then in their bags until finally they became small enough to fit into people’s pockets. Then they made their way to the wrist. Turns out, the wrist is a really good place for stuff (unless you’re a troubled teen that likes to fight).
2. You need to know the relationship between capital expenditures and Apple’s stock price. Hold onto your hats and check out this chart for Apple’s latest cap ex in relationship to stock price.
I’m sure there will be bumps along the road. We can discuss the technical features and limits all day long. We can compare it to all sorts of stuff that doesn’t really matter. I’m sure it’ll be fascinating to see how Apple markets the Watch and what the most expensive version will cost. But the exciting thing, for the record, is simply these two points above.
- There is no record. [↩]