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Showing posts with label apple blog. Show all posts
Showing posts with label apple blog. Show all posts

Apple Innovation eBook - Download your copy today

Sanjay Dalal, Chief Innovator of InnovationMain.com, and author of Faculty eBook on Creativity and Innovation in Business is launching a new book on innovations at Apple, Inc., the world's most innovative company.

If you have asked these questions, the eBook will try to answer them: "How does Apple innovate?", "How does Steve Jobs come up with ideas?", "What is Apple's innovation process?", "What are Apple's plans for 2010 and beyond?", "What makes Apple cool?", "Why Apple inspires us?", "What made Apple the #1 innovative company?", "Can Apple overtake Microsoft?", "What will Apple do with $25 billion in cash?", "What products will Apple create in 2009 and beyond?", "Who are Apple's innovators and leaders?" "What drives Steve Jobs?" and many more...

Apple Innovation eBook will be a must read for professionals, Apple fans, faculty professors and media all around the world.

How does Apple, the #1 innovative company in the world, innovate and create game-changing innovations such as the iPod, iTunes, iPhone, iPad and more? What is Apple's secret recipe for innovation success?


Download Apple's Innovation Strategy, and learn how Apple became the #1 innovator through:

• Creativity and Innovation
• Innovation in Products
• Innovation in Business Model
• Innovation in Customer Experience
• Innovation and Leadership
• Steve Jobs Visionary Leadership
Revised in 2011! Steve Jobs interview

Learn more...





About Sanjay Dalal

Sanjay Dalal is an innovator, investor and entrepreneur with over fifteen years of leadership experience in Silicon Valley and High Tech companies. Dalal is the author of the Faculty eBook and Definitive Guide on Innovation, and has published over 250 articles in the last year and a half on the real-time state of innovation in business at his blog Creativity and Innovation Driving Business. Dalal introduced the Innovation Index in December 2006. Dalal was the president and managing director of the innovative investment company, Innovation Index Group, that systematically invests into the Top 20 Innovators of The Innovation Index. Dalal has launched innovative products to market and grown businesses to the tune of $70 million plus a year. Dalal holds executive certification on Leading Management Teams from Cornell University, and is an engineering scholar graduate in Electrical Engineering from The University of Texas at Austin. Dalal attended Arizona State University for graduate education in Computer Science. Dalal secured the first position in the 50th William Lowell Putnam Math Competition. Dalal volunteers as a basketball coach for Irvine NJB - 7th graders, as an art master for 2nd graders, and as the secretary in the School Site Council. Dalal, a philanthropist, is an appointed member of the Dean's Leadership Circle of The Paul Merage School of Business, University of California, Irvine and Web 2.0 adviser for Cal State Fullerton.

About InnovationMain.com

The mission of InnovationMain.com is to provide uncommon insights, strategy and solutions with proven processes that drive Creativity and Innovation at your business, create real market growth and success for your products and services, and achieve market leadership. We make innovation a sustainable competitive advantage, help build an innovation factory, effect and manage change and grow your business. We have considerable experience and expertise in working with small, growing and established companies, various departments and distributed teams.

InnovationMain.com is located in Irvine, California, the business capital of Orange County.
Address: 8105 Irvine Center Dr., Suite 900, Irvine, CA 92618
Main Phone #: 1-949-288-6880

All Eyes On Apple - AAPL - Apple delivers big

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index, and the number one Innovator in the world. Innovation Index Group, Inc. has a BUY recommendation for Apple with Q4, 2008 price target of $235 to $250.

Analysts were expecting Apple to earn $1.07 on revenue of $6.96 billion - earnings growth of 23% and revenue growth of 32% year over year.

How many iPods will Apple sell in the quarter? How many iPhones? Will Apple announce the new iPhone availability today? How about the growth of Mac sales?

Last quarter which is normally Apple's best quarter owing to the holiday season, "Apple shipped 2,319,000 Macintosh® computers, representing 44 percent unit growth and 47 percent revenue growth over the year-ago quarter. The Company sold 22,121,000 iPods during the quarter, representing five percent unit growth and 17 percent revenue growth over the year-ago quarter. Quarterly iPhone™ sales were 2,315,000."

For the first quarter of 2007 (one year ago quarter), Apple "shipped 1,517,000 Macintosh® computers and 10,549,000 iPods during the quarter, representing 36 percent growth in Macs and 24 percent growth in iPods over the year-ago quarter." Apple iPhone was not shipping yet.

If Apple were to grow at least 15% year over year, Apple should ship at least 1,744,000 new Macintosh computers and 12,131,000 new iPods; and if Apple iPhone were to hit 12 million unit sales in 2008, Apple should ship at least 2 million iPhones in the first quarter.

All eyes will be on Apple as the quarterly earnings are announced.

Earnings Announcement

Apple Inc. "announced financial results for its fiscal 2008 second quarter ended March 29, 2008. The Company posted revenue of $7.51 billion and net quarterly profit of $1.05 billion, or $1.16 per diluted share. Apple revenue increased by 43%, and net profit increased by 36%. These results compare to revenue of $5.26 billion and net quarterly profit of $770 million, or $.87 per diluted share, in the year-ago quarter. Gross margin was 32.9 percent, down from 35.1 percent in the year-ago quarter. International sales accounted for 44 percent of the quarter's revenue.

Apple shipped 2,289,000 Macintosh(R) computers during the quarter, representing 51 percent unit growth and 54 percent revenue growth over the year-ago quarter. The Company sold 10,644,000 iPods during the quarter, representing one percent unit growth and eight percent revenue growth over the year-ago quarter. Quarterly iPhone(TM) sales were 1,703,000"

Great Earnings Report from Apple. Although Apple had provided a very conservative quarterly forecast in January, 2008, Apple beat the high end estimates on revenue, and came on the high end estimates on earnings for the quarter. Apple once again gave a conservative outlook for the future. The street should get an idea now. Mac business is solid. iPod volume business is stalling, however Apple is selling higher priced iPods. iPhone business is strong, and Apple is on track to sell 10 million or higher iPhones in 2008.

Is Apple winning marketshare against Windows Vista? Apple had a strong surge in Mac business. Can Apple reclaim the position, slowly but surely, in the PC business? Apple has a really long way to go.... but if Apple can get to the 10% marketshare of the overall PC business worldwide, this would mark a significant milestone and signal a shift.

Watch out for Apple in Q4, 2008!

Related Articles:

Apple Inc. (NASDAQ: AAPL) iPhone 2.0 software scores a trifecta
Nike and Apple iPod working out at a Gym near you
Why Apple will hit $250 by December 2008?
Apple Creativity and Innovation in Business Case Studies
Apple iPod - Apple's Best Innovation

Apple introduces new iPhone and new iTouch

Apple Inc. (NASDAQ: AAPL) Kicks Off 2008 with Bold...


About Innovation Index Group:

Innovation Index Group, Inc. is a new investment management company focused on systematically identifying, tracking and investing in the most innovative publicly traded companies in North America – collectively called the Innovation Index. We have developed the Innovation Index Fund, LLC as our first vehicle to invest in the Innovation Index.

Innovation Index Group, Inc. and Innovation Index Fund LLC are registered California Corporations, and member of the Irvine Chamber of Commerce in Orange County. Further, Innovation Index Fund LLC is a private placement investment partnership organized under the California state regulations.

The Innovation Index Reports:

Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
The Innovation Index closes 2007 at 66% - 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world
- 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

About The Innovation Index

The Innovation Index introduced in December 2006 is a weighted stock price index of the top 20 Innovators in North America.

The Innovation Index returned 66% in 2007, and returned 174% over the previous five years (2002-2006). This assumes equal investment in each stock of The Innovation Index as of December 31, 2001. An average of $100 invested in The Innovation Index on December 31, 2001 returned $454 as of December 31, 2007. By comparison, $100 invested in S & P 500 returned 28% or $129, $100 invested in NASDAQ returned 34% or $136, and $100 invested in the Dow Jones Index returned 30% or $131 through December 31, 2007. The Innovation Index beats the S & P 500, NASDAQ and Dow Jones Index by more than seven times over the past six years.*

Alphabetical list of the Top 20 Innovators of The Innovation Index for 2008 and their stock ticker symbols:

3M Company - (NYSE: MMM)
Amazon.com, Inc. - (NASDAQ: AMZN)
America Movil - (NYSE: AMX)
Apple Inc. - (NASDAQ: AAPL)
AT&T Inc. - (NYSE: T)
Best Buy Co., Inc. - (NYSE: BBY)
Cisco Systems, Inc. - (NASDAQ: CSCO)
Costco Wholesale Corporation - (NASDAQ: COST)
eBay Inc. - (NASDAQ: EBAY)
General Electric Co. - (NYSE: GE)
Google Inc. - (NASDAQ: GOOG)
Hewlett-Packard Co. - (NYSE: HPQ)
Intel Corporation - (NASDAQ: INTC)
International Business Machines Corp. - (NYSE: IBM)
Merck & Co., Inc. - (NYSE: MRK)
McDonald's Corporation (NYSE: MCD)
Microsoft Corporation - (NASDAQ: MSFT)
NIKE, Inc. - (NYSE: NKE)
Research In Motion Limited - (NASDAQ: RIMM)
The Proctor & Gamble Company - (NYSE: PG)

The Innovation Index will analyze the positions and standings of the Top 20 Innovators at the end of each year. For 2008, there will be no further changes in The Innovation Index.

Disclaimer: The Innovation Index Group, Inc. invests in the stocks comprising The Innovation Index.
*Past Performance Does Not Guarantee Future Results

Zero to Sixty in 2.09 Seconds - Safari 3.1


Safari2.09 Safari 3.1 - First
Firefox 3.62 Firefox 2 - Second
Internet Explorer 4.00 Internet Explorer 7 - Third
Opera 5.95 Opera 9 - Fourth

Blazing performance.

The fastest web browser on any platform, Safari loads pages up to 1.9 times faster than Internet Explorer 7 and up to 1.7 times faster than Firefox 2.

Safari loads web pages in 2.09 seconds - "0 to 60 in 2.09 seconds flat!"

And it executes JavaScript up to 6 times faster than Internet Explorer 7 and up to 4 times faster than Firefox 2. What does all that mean for you? Less time loading pages and more time enjoying them.

- Performance measured in seconds. Testing conducted by Apple in March 2008 on a 2.4GHz Intel Core 2 Duo-based iMac system running Windows XP Professional SP2, configured with 1GB of RAM and an ATI Radeon HD 2600 with 256MB of VRAM. HTML and JavaScript benchmarks based on VeriTest’s iBench Version 5.0 using default settings. Testing conducted with a beta version of Safari; all other browsers were shipping versions. Performance will vary based on system configuration, network connection, and other factors.

Bottomline:

Can Safari become The Web Browser?

Would FireFox users convert to Safari?

Would Internet Explorer users convert to Safari?

What would it take for new users to embrace Safari, and old users to convert to Safari?

Apple claims Safari as the fastest and easiest-to-use browser. Give Safari a test-drive and find out yourself.

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index, and the number one Innovator in the world.

“Safari 3.1 for Mac and Windows is blazingly fast, easy to use and features an elegant user interface,” said Philip Schiller, Apple’s senior vice president of Worldwide Product Marketing. “And best of all, Safari supports the latest audio, video and animation standards for an industry-leading Web 2.0 experience.”

References:
Apple Press Releases

Countdown to iPhone 2.0 aka iPhone 3G - Apple Inc. (NASDAQ: AAPL)

To buy iPhone 2.5G now or wait until iPhone 2.0 3G arrives? That will be the question facing most iPhone buyers between now through Summer 2008.

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index, and the number one Innovator in the world.

In a story released by Fortune, Apple is getting ready for the launch of the all new iPhone in June 2008 in a similar vein when Apple introduced the iPhone in June 2007. If history is any guide, Apple will have another huge launch of the iPhone 3G.

"The new phone will operate on AT&T's (NYSE: T) faster network giving a big speed boost to mobile Internet users. The new phone will also be packed with more features including GPS navigation." - Fortune

Who are the biggest competitors to the all new iPhone? Sony with it's new Xperia, Garmin with the new Nuvifone, and Research In Motion's (NASDAQ: RIMM) new Blackberry 9000 will give iPhone a run for the money.

Innovation Index Group, Inc. projects sales of 12 million iPhones in 2008.

Complete story here...

Related Articles:
Apple Inc. (NASDAQ: AAPL) iPhone 2.0 software scores a trifecta
Nike and Apple iPod working out at a Gym near you
Why Apple will hit $250 by December 2008?
Apple Creativity and Innovation in Business Case Studies

Apple Inc. (NASDAQ: AAPL) iPhone 2.0 software scores a trifecta with leading developers, enterprise customers and partners

Apple Inc. (NASDAQ: APPL) announced today the beta release of iPhone 2.0 software, and hit a trifecta with leading developers, enterprise customers and partners. Apple is one of the Top 20 Innovators of The Innovation Index, and the number one Innovator in the world. The final release of the iPhone 2.0 software is scheduled for launch in June 2008. What does the iPhone 2.0 software release include?
According to Apple press release, the iPhone 2.0 beta release includes both the iPhone Software Development Kit (SDK) as well as new enterprise features such as support for Microsoft Exchange ActiveSync to provide secure, over-the-air push email, contacts and calendars as well as remote wipe, and the addition of Cisco IPsec VPN for encrypted access to private corporate networks.

The free iPhone SDK along with the iPhone Developer Program provides developers with a rich set of Application Programming Interfaces (APIs) and tools to create innovative applications for iPhone and iPod(R) touch; a bonus is an iPhone Simulator for the Mac(R). The new App Store completes the picture providing a seamless way for developers to wirelessly deliver their applications to iPhone and iPod touch users.

The iPhone SDK provides programming interfaces for Core OS, Core Services, Media and Cocoa Touch technologies through the available APIs. Further, the iPhone SDK will allow developers to create applications that leverage the iPhone's Multi-Touch(TM) user interface, animation technology, large storage, built-in three-axis accelerometer and geographical location technology to deliver truly innovative mobile applications.
Leading developers, enterprise customers and partners are already using the new iPhone in trials, and are getting ready to launch it within their companies. Apple identified the following corporations in the press release:
AOL
"No question the powerful tools and APIs in the iPhone SDK made it easy to develop a feature-rich mobile application for the iPhone," said Kevin Conroy, executive vice president, AOL. "The rapid development cycle for this application was very intuitive, and when you add the App Store, it's an unbeatable combination for development and distribution of mobile applications."
Cisco
"As a result of this collaboration between Cisco and Apple, iPhone users will have seamless and highly secure access to mission critical information as it is needed from anywhere in the world," said Richard Palmer, senior vice president of the Security Technology Group, Cisco Systems (NASDAQ: CSCO). "The connected world is becoming more mobile and collaborative where employees need access to private business information no matter where they are."
Disney
"Apple has really done their homework, addressing issues of security, manageability and integration," said Randy Brooks, senior vice president, IT Strategy and Architecture, The Walt Disney Company. "We currently have hundreds of iPhone users and expect the demand to grow significantly with this release."
Electronic Arts
"The animation technology in the iPhone OS enables us to build awesome games," said John Riccitiello, CEO of Electronic Arts. "I think iPhone consumers are going to be blown away by the games we create for this platform."
Epocrates
"By putting so much computing power into such an elegant mobile device, Apple has opened up tremendous opportunities for application developers," said Kirk Loevner, chairman and CEO, Epocrates, Inc. "The technology and software in the iPhone OS will allow us to create new and innovative applications that help improve patient safety and provide healthcare professionals with an unsurpassed user experience."
Genentech
"I believe the iPhone is a watershed event in mobile computing for corporations," said Todd Pierce, vice president, Corporate Information Technology, Genentech, Inc. "Genentech's pilot with iPhone has shown its potential to be the most useful business mobility tool we've ever used. We now have 3,000 planned for deployment based on how easy and simple it was to integrate iPhone with our corporate email system."
Microsoft
"Licensing Exchange ActiveSync to Apple enables them to build support right into the iPhone for simple, out-of-the-box connectivity with Exchange Server," said Terry Myerson, corporate vice president, Unified Communications Group, Microsoft Corporation (NASDAQ: MSFT), another Top 20 Innovator of The Innovation Index. "Microsoft believes in building open and interoperable products, and Microsoft Exchange Server is no exception."
Nike
"With support for Exchange ActiveSync, this new iPhone release really delivers a true plug-and-play enterprise solution," said Roland Paanakker, vice president and CIO, Nike, Inc. (NYSE: NKE), another Top 20 Innovator of The Innovation Index. "We already had Nike employees using iPhones, and now look forward to deploying more iPhones to more business users."
Salesforce.com
"The opportunity to use the innovative iPhone OS platform to deliver compelling Software-as-a-Service applications to mobile users is empowering to us, and ultimately, our customers," said Marc Benioff, chairman and CEO of Salesforce.com. "They are asking us for new ways to harness the power of Force.com to access their business information on any device regardless of location."
Sega
"The iPhone OS is a robust development platform that will allow Sega to deliver mobile gaming experiences that are truly compelling," said Simon Jeffery, president and COO, Sega of America. "Using the iPhone's accelerometer to power a tilt control feature adds a whole new dimension to Super Monkey Ball, and we can't wait for gamers to try it."
In the 2007 launch of iPhone, Apple had touted Google Inc. (NASDAQ: GOOG), another Top 20 Innovator of The Innovation Index, as one of the key partner. It was interesting to note that Google's support for the new iPhone 2.0 software was missing in today's announcement. A coincidence? Perhaps Google has its own plans for the iPhone and will make a separate announcement.

Steve Jobs, Apple's CEO, was jubilant about this new release, and said: "We're excited about creating a vibrant third party developer community with potentially thousands of native applications for iPhone and iPod touch. iPhone's enterprise features combined with its revolutionary Multi-Touch user interface and advanced software architecture provide the best user experience and the most advanced software platform ever for a mobile device."

Bottomline:

1. Whereas iPhone = "best consumer smartphone" has become a reality within one year, iPhone = "best corporate smartphone" could happen - is it only a matter of time? Or will Research In Motion (NASDAQ: RIMM), another Top 20 Innovator of The Innovation Index, have its say with its fast growing Blackberry smartphones.
2. Would corporations embrace the new SDK, push email, calendar, contacts, remote wipe, security, integration and remote management functionality of iPhone 2.0? How many corporations will convert? What would this do to Blackberry loyalists? Would Apple provide a migration path from Blackberry to iPhone? According to CNBC poll announced today, 84% of the corporate users polled indicated that they would buy an iPhone (how many of the polled already own an iPhone or own an iPod) . One of the CNBC analysts said that this could be a sampling error. Either way, we could be witnessing a a huge nascent demand for the iPhone by the corporations.
3. How many more games will Sega and Electronic Arts create for the iPhone 2.0 platform? Would iPhone displace the handheld gaming market as we know it? Would it really challenge the Nintendo DS and Sony PSP? Can iPhone become the iGamePhone? Only time will tell.

The new iPhone 2.0 innovations have created an abundance of opportunities and possibilities for Apple. How many of these opportunities will Apple convert? Can iPhone really become the defining computing device that everyone wants to have (remember iPod, Apple's best innovation)? Apple definitely challenges RIM, and even the handheld gamers with this innovation. Apple has reiterated the 10 million iPhone target in 2008. However, we believe this is conservative. Apple will sell upwards of 12 million iPhones in 2008. The proof will be in the pudding.

Related Articles:
Nike and Apple iPod working out at a Gym near you
Why Apple will hit $250 by December 2008?
Apple Creativity and Innovation in Business Case Studies

Creativity And Innovation in Business eBook

Creativity And Innovation in Business eBook is a 100-page collection of my handpicked 27 Creativity and Innovation best practices, case studies, articles, interviews, and insights on the current state of innovation in business as published on my award-winning Creativity And Innovation Driving Business Blog. The eBook provides real-world examples on how the Top Innovators including Apple, Google, GE, Proctor and Gamble, Yahoo, Toyota, Netflix, BMW, Deloitte, Timex, Frito Lays, Johnson & Johnson and more innovate and grow their business successfully time and again, especially during trying times. Use this eBook as a guide to find and create game-changing innovations, unblock creativity, and make innovation successful at your business.

Your contribution of only $9.99 towards buying the eBook will help support the no-nonsense mission of this blog: to provide "collective experiences, best practices and insights on Creativity and Innovation driving Business, ask questions and obtain answers on generating, managing & growing Creativity and Innovation through proven processes, and report case studies, ideas & stories on Top Innovators of The Innovation Index creating Disruptive Innovations and growing Market Leadership."

Download the Creativity And Innovation in Business eBook Now

The Innovation Index Reports:

Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
Introducing The Innovation Index - Detailed information about The Innovation Index
The Innovation Index closes 2007 at 66%
- 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world
- 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

Disclaimer: Innovation Index Group, Inc. invests in Apple and Top Innovators of The Innovation Index.

References:
Apple Press Release

Nike and Apple iPod working out at a Gym near you

In iPod - Apple's Best Innovation, I had talked about the growing and successful partnership between Nike and Apple:
One innovation that Apple created with another Top 20 Innovator of The Innovation Index, Nike, is Nike Plus or Nike + iPod. Apple calls it the "ultimate synthesis of sport and music: a pair of Nike+ shoes, an iPod nano, and the Nike + iPod Sport Kit." Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) are two of the Top 20 Innovators of The Innovation Index.

Nike and Apple announced another key innovation today in their quest to get more customers to use Nike + iPod as they work out in the Gym. The partnership that began with customers using Nike shoes and iPods for running and running clubs is culminating in the Gym. After all, according to Nike, runners have logged in close to 50 million miles on Nike shoes with iPod, making it the world's largest running club.

Nike and Apple are working with major gym equipment manufacturers such as Life Fitness, Precor, Star Trac and Technogym to make their cardio equipment Nike + iPod compatible so health club members can easily track workouts on cardio equipment like treadmills, ellipticals, stationary bikes and stair climbers. Nike + iPod users will simply plug in their iPod nano into the equipment at the start of their workout to automatically record their progress. Users can then connect their iPod with their computer to upload the workout to www.nikeplus.com.

At participating gyms, including 24 Hour Fitness nationwide and Virgin Active Health Clubs internationally, members will soon be able to use Nike + iPod to track their workout and log their data on www.nikeplus.com.

-- Nike + iPod will allow gym members to track progress, set goals and make challenges on www.nikeplus.com.

-- By using the www.nikeplus.com coaching tools, personal trainers now have the ability to help clients chart their progress.

-- When gym users connect their iPod nano to their computer, their workout data is sent to www.nikeplus.com through iTunes. This workout data is converted to "CardioMiles" so that users of cardio equipment can easily set goals and participate in challenges with runners and with users of other cardio equipment.

Nike + Sport Music has also been extremely popular on the iTunes Store (www.itunes.com) offering a wide range of playlists perfectly suited for your favorite sport.

Bottomline:

1. This expansion of the partnership between Nike and Apple will create 5% to 10% more iPod nano sales in 2009 when most gyms would have deployed the new equipment.
2. It remains to be seen on whether Apple will also make this compatible with the latest iPod touch, although this makes strategic sense. Most new iPod buyers will buy iPod touch. If Apple makes the gym equipments compatible with the iPod touch, expect 1% to 5% more sales of iPod touch in 2009.
3. Apple will see modest incremental sale of sport music on the iTunes Store - in the range of 1% to 5%.
4. Nike will see a solid upside in the Nike + iPod shoes in 2009, large enough to impact the topline revenue.

References:
Nike and Apple Press Release

The Innovation Index Reports:

Invest in The Innovation Index - Innovation Index Fund tracks The Innovation Index
The Innovation Index closes 2007 at 66% - 2007 Annual Report on the Innovation Index
Top 50 Innovative Companies in the world
- 2007 Report on Top 50 Innovative Companies
Annual Report - Chapter One - Total Innovation Activity - 2006 Annual Report One
Annual Report - Chapter Two - The Top Innovator - 2006 Annual Report Two
Annual Report - Chapter Three - The Innovation Insights - 2006 Annual Report Insights
Innovation and Stock Performance Correlation - The Innovation Index and Stock Performance

Disclaimer: Innovation Index Group, Inc. invests in Apple and Top Innovators of The Innovation Index.

Why Apple will hit $250 by December 2008?

Apple Inc. (NASDAQ: AAPL) is one of the Top 20 Innovators of The Innovation Index, and the number one innovator.

Here are five reasons on why we believe Apple stock will be worth $250 by December 2008:

1. Apple is grossly undervalued. Apple stock has declined much faster relative to the overall market. Once the market rebounds, Apple stock will also appreciate, albeit exponentially. We believe such a rise in Apple stock will begin in Summer 2008.

2. Apple is on track to sell at least 10 million iPhones in 2008. This we believe is on the low end of the estimate. Once Apple reduces iPhone pricing further (we believe this will happen in Summer 2008), Apple will sell closer to 12 million iPhones in 2008. Apple will also innovate the tap keyboard tool on the iPhone and provide an automatic landscape view to type in emails and text messages. This would create a bigger following for iPhone. Finally, Apple iPhone software will get better for corporate emails.

3. Apple iPod sales will build momentum in Summer 2008 and second half of 2008. With the base iPod shuffle now available for only $49, Apple iPod sales will jettison. The bold drop of $30 in price of the base iPod will create a jump of at least 15% to 20% in iPod sales in 2008 - higher than what the analysts are expecting.

4. Apple MacBook Air will be a runaway winner in laptops in 2008. Apple is poised to increase its growing marketshare in the PC business with the new MacBook Air, and the new MacBook and MacBook Pro models will also help. Before Summer 2008, Apple will reduce the entry prices on all their laptops to create hyper growth in laptop sales. On the other hand, the Mac business will come onto its own in 2008.

5. Apple iTunes Movie Rental business combined with the American Idol music are your dark horses for 2008. Apple will show sustained growth in the movie rental business, and we believe this will begin to show top line difference towards late 2008. Next generation Apple TV and iPod Touch should also help drive more sales iTunes Movie Rental.

Apple stock will be worth at least $150 by Summer 2008, will pick up steam and rise to $200 by Fall 2008, and close out the year over $250. The only caveat is the overall health of the retail economy worldwide.

Disclaimer: Innovation Index Group, Inc. invests in Apple and Top Innovators of The Innovation Index.