Apple has managed to surprise many with the company’s stocks going for more than $200.00 per share representing a 135% rise in the value of it’s stocks. Even with the problems and other issues that plagued the company, they still managed to come on top even beating Google in the value of market shares. The company managed to get the rumor site Think Secret closed after many years of suffering from leaking information that caused a lot of turmoil in and out of the firm like in 2005 when the site revealed information about the MacMini way before it was scheduled to launch. The untimely release of the new iPhone after they had just released the initial version pissing of many of the first time buyers, some of whom were offered rebates of a $100.00 for use in iStores. The iPhone released in 2007 initially went from 600 to 700 bucks which was slashed by as much as $200.00 as the newer 8Gigabyte model was released causing many gadget lovers to hate the company resulting in the company’s CEO apologizing publicly offering the rebate to appease irate customers. This prompted outcry and fueled fears from investors of stock’s plummeting due to lost customer confidence in the said company.
iStores kept on going strong even after Christmas and the pre-shopping spree that was expected but surprisingly the boom in sales kept on coming and coming. This shows that the company is still a contender in the PC and consumer electronics market even with the many blunders that have plagued them in the past year. Many have long predicted the demise of the company with the failure of their products in capturing more of the market dominated by Microsoft. Truly, many were amazed at the surge and predictions for the company are getting better partly due to the dominance of the Ipod and other multimedia products in the area of consumer electronics. So, we should expect more from the firm in the coming year as they come up with more innovative products as they aim to take their share of the market which has been on the rocks the past few years.