Apple 2.0
Samsung has an Apple week, sheds $19 billion in market value
June 18, 2013: 5:11 PM ETThe world's smartphone market leader gets taste of what Apple has been going through.
Click to enlarge. Source: Which?
FORTUNE -- Confession: Between Apple's (AAPL) developers conference (which I watched from afar) and the e-book antitrust trial (which I've been attending), I must have taken my eye off the Apple v. Samsung smartphone wars.
Otherwise, how could I have missed Miyoung Kim's report Sunday out of Reuters' Seoul bureau that triggered such memorable U.S. headlines as
- Wall Street Wakes-Up to the Folly of Samsung's Volume Strategy (Patently Apple)
- Samsung Goes The Way Of Apple On Galaxy S4 Fears (ValueWalk)
- Apple probably drank 6% of Samsung's milkshake (Quartz)
The Reuters report, titled Samsung analysts ask hard questions as S4 marketing charm wears off, cited a "massive wave of downgrades" -- including such high-profile brokerage houses as JPMorgan, Morgan Stanley and Goldman Sachs -- after analysts realized they'd made "hopelessly optimistic forecasts for [Samsung's] smartphone sales."
Between June 6 and June 13, Samsung shed 21.5 trillion Won in market value, or nearly $19 billion.
As Apple investors know all too well, a loss of value in the stock market can have a ripple effect in the media, leading to artifacts like the one above, created by Which? and spotted by BGR, that questions Samsung's oft-cited strategy of making smartphones and tablets in any shape or size a consumer might want.
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The Apple e-books trial takes a detour into the absurd
Shouldn't there be a law against beating a piece of evidence to death?
FORTUNE -- What started as a small "gotcha" moment last week in the cross examination of a mid-level Apple (AAPL) executive grew into a federal case -- literally -- on Monday, the ninth day of testimony in U.S.A. v. Apple.
The latest McGuffin in the Department of Justice's antitrust case against Apple is an e-mail signed by Steve Jobs and addressed MORE
Philip Elmer-DeWitt - Jun 18, 2013 8:36 AM ET -
Looking at Apple's WWDC 2013 through 417,336 tweets
How the Web responded on social media to Apple's World Wide Developers Conference.
FORTUNE -- Bet you didn't know that the conference Apple (AAPL) hosted in San Francisco last week for 6,000 developers was a face-off between CEO Tim Cook and Jony Ive, his Senior VP for design.
That's apparently how the folks at Viralheat saw it, judging from the graphic they released Monday. When the social media analytics firm looked at the MORE
Philip Elmer-DeWitt - Jun 18, 2013 5:47 AM ET -
Apple e-books trial day 9: Steve Jobs takes the stage
On the day the U.S. is to close its antitrust case, Apple evokes the memory its late CEO.
FORTUNE -- "Once Steve decided he wanted to pursue the e-bookstore, he got more and more excited."
That was Apple (AAPL) senior vice president Eddy Cue, the alleged "ringmaster" of the conspiracy to raise e-book prices at the heart of U.S.A. v. Apple, being steered toward the end of his cross examination to talk about MORE
Philip Elmer-DeWitt - Jun 17, 2013 1:56 PM ET -
What data Apple does and doesn't share with the cops
In the space of six months Apple received 4,000 to 5,000 law enforcement requests.
FORTUNE -- Embarrassed to find itself on the list of companies from whose servers the National Security Agency claims to have been "directly" collecting data, Apple (AAPL) issued a public statement early Monday that it hoped would allay its customers' concerns. Among the key points:
The authorities asked for a ton of information: Between Dec. 1, 2012 and May MORE
Philip Elmer-DeWitt - Jun 17, 2013 7:21 AM ET -
The Apple e-book antitrust case: The final four days
The DOJ will rest its case. Apple will present its defense. Summations on Thursday.
FORTUNE -- Eddy Cue, the alleged "ringmaster" of a conspiracy to raise e-book prices in 2010, returns to a Manhattan federal court Monday in the final four days of the Department of Justice's antitrust case against Apple (AAPL).
Having sailed through a grilling Thursday by the government's lawyer, the star witness of U.S.A. v. Apple will complete the friendly MORE
Philip Elmer-DeWitt - Jun 17, 2013 5:47 AM ET -
The Apple e-book trial: About that dinner on January 20, 2010
That's when Apple and Macmillan hatched a plot to sandbag Amazon, says the DOJ.
FORTUNE -- In its effort to prove that Apple (AAPL) "knowingly participated in and facilitated a conspiracy to raise prices of e-books" -- to use the judge's own words -- the Department of Justice has spent an inordinate amount of time cross-examining witnesses in the Apple e-book trial about a dinner that took place in Manhattan on MORE
Philip Elmer-DeWitt - Jun 16, 2013 8:36 AM ET -
The algebra of iTunes
As the number of accounts grows exponentially, revenue per account is falling. Why?
FORTUNE -- In a post titled "What's an iTunes user worth?" Asymco's Horace Dediu used the number of iTunes accounts Apple (AAPL) CEO Tim Cook announced Monday -- 575 million -- to draw the graph at right. It shows user accounts growing nearly six fold since 2009 -- a growth rate of nearly half a million per day, or 44% MORE
Philip Elmer-DeWitt - Jun 15, 2013 12:40 PM ET -
Apple video: Changing the world, one app at a time
Four iPad and iPhone apps that will melt your heart.
FORTUNE -- Having just watched this 10-minute video, I think Daring Fireball's John Gruber is right. It was probably something Apple (AAPL) made for Monday's WWDC keynote and didn't have time to show. If Tim Cook dropped it for those race cars, he made a big mistake.
Philip Elmer-DeWitt - Jun 14, 2013 11:19 AM ET -
The DOJ's last best chance in the Apple e-book case has passed
If the government couldn't nail Eddy Cue -- and it didn't -- how's it going to win?
FORTUNE -- The Department of Justice spent a little over three hours Thursday cross-examining Apple senior vice president Eddy Cue -- the alleged "ringmaster" of an illegal conspiracy to raise the price of e-books -- and when it was over it wasn't clear whether the government had let its last best chance slip through MORE
Philip Elmer-DeWitt - Jun 14, 2013 7:30 AM ET
