We are seeing an unprecedented demand for the iPad, the new device that's being tested worldwide by all sorts of small and medium-sized businesses as well as a new killer application -- schools, to wean kids of heavy textbooks. We are hearing very little chatter about the iPhone 4 antenna these days and it looks like, as much as Consumer Reports had a breaking story, the controversy is past and the sales worldwide are extremely strong. It looks like it is all up from here ... except the stock itself, which has languished well below its high.
AAPL, which had one of the best quarters and seems to only have health care worries about Jobs -- thus far unfounded -- doesn't hit its 52-week high soon, I will admit that it is worrisome. Tech's been awful, and it can't mount a challenge without leadership -- and the sector's been devoid of big-cap leadership coming out of reporting season.
In that sense, Apple holds the key to the next level. It is the front pin. Without any pin action from a leader, I don't think you are going to get a lot of followers, and CRM can't do it alone, especially with CSCO, ORCL, INTC and MSFT doing nothing and today being the first day they have stirred in ages.
I'm watching; I am waiting. But I will boldly say it's just a matter of time......
long AAPL/INTC
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