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	<title>joshkim.org &#187; statement</title>
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	<link>http://joshkim.org</link>
	<description>Be Awesome Instead // Essays by Josh Kim</description>
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		<title>Apple&#039;s Taking a Beating on the Markets&#8230;</title>
		<link>http://joshkim.org/2007/04/17/apples-taking-a-beating-on-the-markets/</link>
		<comments>http://joshkim.org/2007/04/17/apples-taking-a-beating-on-the-markets/#comments</comments>
		<pubDate>Wed, 18 Apr 2007 01:18:52 +0000</pubDate>
		<dc:creator>joshkim</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Investing & Finances]]></category>
		<category><![CDATA[aapl]]></category>
		<category><![CDATA[delay]]></category>
		<category><![CDATA[iphone]]></category>
		<category><![CDATA[ira-roth]]></category>
		<category><![CDATA[leopard]]></category>
		<category><![CDATA[statement]]></category>
		<category><![CDATA[steve-jobs]]></category>

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		<description><![CDATA[Apple released a statement on the 12th (and in a few weeks, this is going to be the wrong link), with my commentary, as much as I can remember having on that day: iPhone has already passed several of its &#8230; <a href="http://joshkim.org/2007/04/17/apples-taking-a-beating-on-the-markets/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Apple released a statement on the <a href="http://www.apple.com/hotnews/">12th
</a> (and in a few weeks, this is going to be the wrong link), with my commentary, as much as I can remember having on that day:</p>

<blockquote>
  <p>iPhone has already passed several of its required certification tests and is on schedule to ship in late June as planned. We canâ€™t wait until customers get their hands (and fingers) on it and experience what a revolutionary and magical product it is.</p>
</blockquote>

<p>Yes, Mr. Jobs. We want to give you money! We knew June. Of course, a nice <a href="http://www.appleinsider.com/articles/07/04/17/apple_seriously_considering_iphone_rebate_subsidy_report.html">rebate</a> would be good.</p>

<p>[Sidenote: By the way, I'm most likely not going to get one. Why? Two reasons: Programmability and Power.]</p>

<blockquote>
  <p>However,</p>
</blockquote>

<p>I don&#8217;t likes the looks of thissss.</p>

<blockquote>
  <p>iPhone contains the most sophisticated software ever shipped on a mobile device, and finishing it on time has not come without a price â€” we had to borrow some key software engineering and QA resources from our Mac OS X team, and as a result we will not be able to release Leopard at our Worldwide Developers Conference in early June as planned.</p>
</blockquote>

<p>&#8220;We screwed up. But you still love us, right?&#8221;</p>

<p>Of course, Mr. Jobs. We love you. Here, have some more money. When&#8217;s Leopard coming out so I know to save up my $150?</p>

<blockquote>
  <p>While Leopard&#8217;s features will be complete by then, we cannot deliver the quality release that we and our customers expect from us. We now plan to show our developers a near final version of Leopard at the conference, give them a beta copy to take home so they can do their final testing, and ship Leopard in October.</p>
</blockquote>

<p>October? Wasn&#8217;t the original date Spring 2007? What, is Apple pulling a Vista?</p>

<blockquote>
  <p>We think it will be well worth the wait. Life often presents tradeoffs, and in this case we&#8217;re sure we&#8217;ve made the right ones. [Apr 12, 2007]</p>
</blockquote>

<p>But of course, had I known this announcement would be made the day after I started my IRA Roth&#8230; if I knew about Leopard missing the already pushed back deadline&#8230; if I knew the market would look like this for the week to follow:</p>

<p><img src="http://joshkim.org/wp-content/uploads/2007/04/appl.png" alt="APPL" /></p>

<p>Blah.</p>

<p>This <a href="http://www.macobserver.com/columns/hiddendimensions/2007/04/16.1.shtml">post</a> made by an ex-Apple employee definitely sums up the possible reason as to why&#8230; things are becoming shaky, just a tiny bit.</p>
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