By John Gruber
DuckDuckGo Search + Safari’s Intelligent Tracking Prevention together solve the top three private browsing misconceptions.
There’s a streak of incredulity in the old inbox regarding this item, wherein I agreed with Jim Cramer’s bullish take on Apple’s stock, which (the incredulity) stems from the fact that Cramer can be a bit of a buffoon and/or because as recently as January 29 he was recommending selling Apple, which was at the time selling for like $131 a share and which at this writing is at $169.
But, (a) that January 29 piece was about the tech sector as a whole, not Apple in particular, and most of the stocks Cramer warned about in that piece (e.g. Dell, Garmin, Google, Microsoft, Texas Instruments, and VMware) are in fact down or flat since then; and (b) even if Cramer is often or even usually wrong about Apple, it doesn’t mean he isn’t right this time.
The man really is exactly right on this particular point: that young people — by which let’s say we mean anyone who shouldn’t yet be embarrassed to be living with their parents — are buying Apple products in both remarkable numbers and with remarkable devotion. Apple’s strength in this market is both wide and deep, and it includes both iPods and Macs. (I suspect students are a big reason why Apple’s laptop sales are growing even faster than their desktop sales.1) And, investor-strategy-wise, I also think Cramer’s right that this particular point regarding Apple’s popularity and iconic status in the young-and-cool market is one that most Apple analysts are overlooking or underestimating, if for no other reason than that these analysts are old-and-not-cool.
It’s a potential gold mine. The younger one is, the more disproportionately one tends to care about what’s cool. Apple’s kit is very cool, and their competitors’ kit ranges from “not cool” to “totally lame”. When you’re old and everyone around you is doing or buying something you don’t understand, you think they’re assholes; when you’re young, you do it/buy one, too. Today’s students don’t have preconceptions (or misconceptions) about Macs dating from the ’90s or ’80s because anything pre-iPod is prehistoric from their perspective.
In short, Apple’s strength in this market is exactly what separates it most from the tech sector as a whole.