XP on Mac - Official
Looks like the internet race to see who can be the first to dual boot Windows on a Mac has actually inspired/pushed Apple to create a product which actually allows you to do this without following the instructions provided by the original bounty winners.
The announcement was made by Apple before the markets opened which pushed their share price up immediately by around 5.5% (9.87% at the close of trade). You have to note that this is almost instantaneous (1 or 2 minutes) so if you wanted to make that kind of short-term return of the news you either had to own shares yesterday or have been lightning fast in executing the order at the open of trade.
awesome. don’t really care about the shares but it shows that Apple listens to its Mac customers. I’ll admit I am pretty excited, and when I come roudn to buying my own computer in the future, i’ll probably end up buying a Mac. Hopefully I’ll be a web developer then so it’ll be better to get a Mac (for creative shit) but I won’t have to buy a PC just to test sites on IE browsers. (i know a lot of web developers that do this)
Turon, I know you said that just because they’ve implemented this that people will rush out and buy Macs, they probably won’t. But the switch to Mac is made easier.
Poor PC hardware developers
Such as shame that Apple are mainly known for the iPod.
Comment by sy — April 5, 2006 @ 7:58 pm
Yeah that’s why I said before that I reckon there will be a downward correction on the stock over the next few days when investors realise that maybe they were too optimistic about the hope that it would drastically increase apple’s customer base. It no way deserves the 9.87% increase in value in its share price.
Comment by turonm — April 5, 2006 @ 8:20 pm
i don’t get share prices…who do they think they are? fortune tellers?
Comment by sy — April 5, 2006 @ 9:07 pm
Yes. Basically a stock price is the present value of all future economics profits. These are discounted by the company’s risk, so say (I don’t actually know apple’s risk), it’s 6%, you would discount these future cash-flows by 1+6% per annum, compound. This risk is equal to the rate of interest that a government bond would provide, which contributes to market risk - then the final rate would be related to how the stock moves in relation to the market. So say if the market moves up 1% and the stock moves up 2%, then you would deduce that the company is twice as volatile as the market. You take all these factors into account… put it into this equation…
Government Bond rate + (volatility stock compared to market * (market rate minus bond rate))….
….and that gives you the rate which you’ll discount future economic profits.
So, in the most basic terms, you might expect real economic profits to be $10million per year, forever, so it’ll be (10/1.06)+(10/1.06^2)+…(10/1.06^n), which is $166.67million (from the annuity formula (average annual economic profit/discount rate). So that’s the price of the company. Finally, the value of the stock depends on how many shares the firm has issues, so if it’s a million, the price in my example would be $166.67.
So yeah, you can say it tries to be a fortune teller.
Comment by turonm — April 5, 2006 @ 9:46 pm
yeah…
Comment by sy — April 5, 2006 @ 10:00 pm
ok so i was wrong today, the stock is up by ANOTHER 6%. That’s a fucking 16.46% increase in two days - do you guy’s reckon their customer base will increase by that much?
Comment by turonm — April 6, 2006 @ 11:45 pm
No.
Comment by Mason — April 9, 2006 @ 12:08 am