Quote from kashirin:
I believe in 3 months all ebay will be in those Ipads for $200 or less
I wish I could short this statement.
Quote from lynx:
I got out at around $200, and despite the continued appreciation I feel like I did the right thing.
lol
You're clearly a glass half full kind of guy. With regard to your analysis, it seems tinged with what I see in a lot of posts like this - a general dislike of AAPL and the AAPL ecosystem. They've been calling for the demise of AAPL for quite a while. You're unfortunately not in very good company here on ET, as a couple of the resident class clowns have been saying 'AAPL is dead' since about $180 (retailstopfailure, this means you).
You asked us to tell you why you're wrong. The best analysis calls the next move, of course, but the company you described and the company we're seeing seem to be slightly different. The one you described as having made so many missteps shouldn't be doing as well as AAPL, should it?
Bottom line is that there is a ton of computing market share for AAPL to take over out there (I think AAPL had 5.1% on the latest... what's it called, COMSCORE or something?). As long as AAPL continues to create new categories of devices and continue to penetrate the home computer/laptop market, they'll be doing well.
It is, of course, disappointing that the iPad can't load web pages properly. You'd think that would be a prerequisite for a new category of handheld computer. But then they're saying that this isn't a computer...
At any rate, I'll wait for a fully functional tablet with an IPS screen in it. Then I'll happily buy one. I think it looks like a cool thing to have around, and $500 isn't all that much to me.
Get it?