Showing posts with label Apple. Show all posts
Showing posts with label Apple. Show all posts

Thursday, November 22, 2012

OT: Google Earth, Map Show Australian Island That Does Not Exist


Apple "solved" the Senkaku Islands row between Japan and China by showing two sets of islands, one for Japan and one for China, on iPhone5's ill-fated map (which also showed the USSR in Moscow, and London's Big Ben with different faces showing different times).

Now it's Google's turn to show a mystery island on its Google Earth program.

AFP reports that when Australian scientists went to look for an island that appears in Google Earth, there was no such island, and the ocean at that location is very deep (1,400 meter deep).

Google's response? Oh how dynamic the world is! (As if the island has just recently sank...)

In the age of digitized maps and navigation systems, it almost feels as if the real world should follow what's on the map and not the other way around; when it doesn't the problem is with the world, not the map.

From AFP (11/21/2012):

Aussie scientists un-discover Pacific island

SYDNEY — A South Pacific island identified on Google Earth and world maps does not exist, according to Australian scientists who went searching for the mystery landmass during a geological expedition.

The sizeable phantom island in the Coral Sea is shown as Sandy Island on Google Earth and Google maps and is supposedly midway between Australia and the French-governed New Caledonia.

The Times Atlas of the World appears to identify it as Sable Island. Weather maps used by the Southern Surveyor, an Australian maritime research vessel, also say it exists, according to Dr Maria Seton.

But when the Southern Surveyor, which was tasked with identifying fragments of the Australian continental crust submerged in the Coral Sea, steamed to where it was supposed to be, it was nowhere to be found.

"We wanted to check it out because the navigation charts on board the ship showed a water depth of 1,400 metres (4,620 feet) in that area -- very deep," Seton, from the University of Sydney, told AFP after the 25-day voyage.

"It's on Google Earth and other maps so we went to check and there was no island. We're really puzzled. It's quite bizarre.

"How did it find its way onto the maps? We just don't know, but we plan to follow up and find out."

News of the invisible island sparked debate on social media, with tweeter Charlie Loyd outpointing that Sandy Island is also on Yahoo Maps as well as Bing Maps "but it disappears up close".

On www.abovetopsecret.com, discussions were robust with one poster claiming he had confirmed with the French hydrographic office that it was indeed a phantom island and was supposed to have been removed from charts in 1979.

Another claimed: "Many mapmakers put in deliberate but unobtrusive and non-obvious 'mistakes' into their maps so that they can know when somebody steals the map data."

Google was not immediately available for comment. But the Google Maps product manager for Australia and New Zealand told the Sydney Morning Herald a variety of authoritative public and commercial sources were used in building maps.

"The world is a constantly changing place, and keeping on top of these changes is a never-ending endeavour," Nabil Naghdy told the newspaper.

The closest landmass to the invisible island is the Chesterfields, a French archipelago of uninhabited coral sand cays.


Here's Google Earth screenshot of "Sandy Island". I can understand the map may have the island, but on Google Earth? "Sandy Island" looks like a cut-out hole.

Tuesday, November 13, 2012

Japanese Home Electronics Companies Wander Downward, Aimlessly


Zero Hedge (11/13/2012) has interesting charts that shows how the Japanese consumer electronics companies and the Korean counterpart (Samsung) have diverged in terms of market caps, post Lehman:



Sony, Panasonic, NEC, Sharp have been bleeding badly for years now.

Samsung, however, pales when Apple's market cap is plotted:


That once-mighty Japanese electronics companies are stagnant and declining is discernible from their homepages. They seem to be living in the late 1990 and early 2000s that will never come back.

The websites are clean, subdued, with information well organized, nothing wrong with that. But compared to Samsung and Apple, it is apparent they don't know what to sell, what to focus. Sony emphasizes its environmentally conscious activities; again nothing wrong with that, but what about products and technology? Panasonic features a dreamy-faced young woman staring vacantly into the distance. NEC emphasizes "energy", Sharp "air purifiers", and Toshiba an entire town wired with Toshiba products.

Samsung and Apple have products that people in the world want to buy (at least for now, before Ben, Mario and Shirakawa finish destroying the financial system), and that's what they feature on their websites.

(Screenshots of their Japanese homepages)

Sony:


Panasonic:


NEC:


Sharp:


Toshiba:


Samsung:


Apple:


It was 1989 when Sony co-Founder and Chairman Akio Morita wrote a book with Shintaro Ishihara - "Japan That Can Say No". It was right before the collapse of the real estate bubble. Ever since, the government has been trying to reflate a bubble, any bubble.

Tuesday, January 18, 2011

Can Goldman Save Apple (the Stock)?

Steve Jobs goes on a medical leave, and with 190 hedge funds owning AAPL, Goldman Sachs takes it on itself to support the stock so that the exodus does not become a rout.

From Zero Hedge:

Ta-tata-daaaaa: Captain Goldmanerica is here to save the day. Can't have 190 hedge funds checking out from hotel Applecornia, now can we.

From Goldman's Bill Shope, CFA though we are not sure what the F stands for... certainly not Facebook after today...

What's changed

On Monday morning, Apple released an internal email from Steve Jobs where he noted that the board had granted him medical leave from the company to focus on his health. Mr. Jobs will remain CEO and he will continue to be involved in major strategic decisions for the company. He also noted he hopes to be back at Apple full time as soon as possible. Meanwhile, Tim Cook, Apple’s Chief Operating Officer, will be responsible for day to day management of the company in Mr. Jobs’ absence.

Implications

While the stock is likely to face near-term pressure, we believe the longterm fundamentals remain intact and we would reiterate our Conviction Buy on any weakness. This is based on the following key points we detail in this note: 1) The management team remains strong, and we believe investors would embrace Tim Cook in any potential succession plan; 2) Apple’s $51 billion in cash and investments could be partially distributed to shareholders to stabilize the shares; 3) The multiple of 15.1X already represents a significant historical discount, and we see no direct risk to earnings from this move. As a result, we are reiterating our CL-Buy on Apple and our 12-month target price of $430.

Valuation

Our target price represents a 19X P/E multiple on our above-consensus CY2010 EPS estimate or a 19% discount to Apple’ five-year average multiple of 23X.

Key risks

The key risks to our target include: macro deterioration, increased platform competition, potential legal and regulatory restrictions, and uncertain management succession plans.


I wish the best for Mr. Jobs, who said "There's an old Wayne Gretzky quote I love. 'I skate to where the puck is going to be, not to where it's been.' That's what we try to do at Apple." I hope he comes back and comes back soon.

Tuesday, April 13, 2010

OT: Apple iSpecs?

I've been waiting for a decent pullback on AAPL (that's the stock symbol for Apple Inc., who launched its latest "i" - iPad) so that I can buy in. In the past, the stock usually had a significant pullback after the company actually started selling its much-hyped product. I was waiting for $225, but I have a feeling I may not see that price anytime soon. Just a hunch, and this:

iSpecs: Apple eyes up 3D future with projection glasses that will play films on the move (4/12/2010 Mail Online UK)

"Apple could soon be venturing into the world of 3D, after they filed a patent application for electronic spectacles that would show films on the move.

"The head-mounted gadget would have a slot for an Apple iPhone or iPod.

"A special 'smart' lens in the device, nicknamed iSpecs by gadget fans, would project the images from the screen so they could be viewed comfortably.

"The lens would be able to split the image into two different frames creating a 3D effect. This could be used to watch blockbusters such as Avatar and Alice in Wonderland.

"The application explained the form would allow the user to 'relax while viewing image based content on the head-mounted device because he does not have to hold onto the portable electronic device.'

"The gizmo would also be fitted with a camera to stream video from the outside world. Infrared sensors embedded in the frames would detect if anyone approached the wearer, and the real-time video would pop up on a screen inside the glasses." [The article continues.]

In other words, the wearer of this device would perceive the real world through the camera and sensors, not with his own eyes and senses. It is getting too creepy for a Luddite like myself (though Matrix remains my favorite movie...). Or I should say the future as described by Neal Stephenson is finally arriving.

Wednesday, January 27, 2010

I Want That iPad!

Apple Inc. announced iPad today.

0.5 inch thin
1.5 pounds
9.7 inch IPS display
Full capacitive multitouch
16 to 64 GB flash storage
1GHz Apple A4 chip
WiFi, Bluetooth, 3G (on deluxe models)
Speaker, Microphone
10 hour battery life, 1 month standby
$29.99 per month, no contract, for unlimited data, $14.99 for up to 250 MB

I was watching the stock market as I was glancing at the live update by engadget.com. It was another dismal day in the market, under the heavy weight of uncertainty. Apple's shares were being sold as the event in San Francisco progressed.

Then, at 11:18AM PST, when the price was announced, AAPL (stock symbol for Apple) shot up: $499.

The priciest iPad, with 64GB storage and 3G, will be $829. So much for the tech pundits whispering $1,000.

The pundits, thus outsmarted by Steve Jobs, have been busy talking down the device. Early reviews (just from the presentation, I suppose, as the device won't be available for another 60 days) are mixed at best.

What don't they like about?

Lack of "killer app"
No Flash (Adobe, that is)
No multitasking
No phone, no camera
Just a big iPhone or iPod Touch
etc.etc.

I like it. I particularly like no-commitment, unlimited data for only $30 a month. I think it may appeal to the segment of the population that these pundits and analysts are not thinking about. It's not for the 20-something or 30-something, and not even for kids. It's for the boomer generation and above. Just a big iPhone or iPod? Great. For many, they don't want to struggle with tiny screens. Boomers and seniors may not quite care for "killer app" or multitasking.

When Jobs announced iPhone, analysts weren't too happy either. We will find out how it will be received, 60 days from now.

Tuesday, January 19, 2010

Battle of Tech Titans: Apple, Google, Amazon

Two weeks ago Google (ticker symbol: GOOG) introduced its high-end smart phone Nexus One, in competition with Apple Inc.'s iPhone.

Now, Apple Inc. (AAPL) is getting ready to introduce its long-rumoured color tablet device, in direct competition with Amazon.com (AMZN)'s Kindle.

Apple, HarperCollins seen in tablet talks
(1/19/2010 San Jose Business Journal)

"Apple Inc. could be getting ready to give Amazon.com and its Kindle significant new competition with the introduction of color and multi-media features for e-books.

"The Cupertino company is in talks with giant publisher HarperCollins Publishers Inc. about bringing such features to its titles on the tablet computing device that is expected to be introduced next week, the Wall Street Journal reported.

"Apple (NASDAQ:AAPL) has yet to officially confirm that a tablet exists but invited the press to an event in San Francisco next week to "Come see our latest creation."" (The article continues.)

What is the big deal about companies offering competing products, you ask? That's the way it is for almost all industries. But I don't think that happened before among Nasdaq high-beta tech companies with high PE ratio like Apple, Google, and Amazon.

In the past, they tended to stay out of each other's turf, so to speak.

Google's phone has so far received a mixed review from the users, who complain about poor service and poor connectivity. But so did Apple's iPhone when it was first introduced, along with some incredulous scream from analysts "A cell phone? What is Steve Jobs thinking?? Apple had better stick to its core business (i.e. making computers)."

When Amazon's Jeff Bezos first introduced Kindle, he was roundly ridiculed. "E-book? We know how the previous attempts turned out." In the last quarter, Amazon announced that it sold more books for Kindle than the physical books.

Now Google wants to take a bite out of Apple, and Apple out of Amazon.

(Where are the erstwhile gadget makers of the world, the Japanese? Sony? Casio?)

Judging solely by how the shares of these companies are behaving today, the perceived winner so far seems to be Apple, up $6.54 to $212 (10:50 AM EST). Google is up $1.66 to $581.66, Amazon down $1.24 to $125.88.