Last Wednesday, January 27th, 2010, after spending millions of dollars hyping Apple’s iPad, Steve Jobs walked out onstage and came clean with exactly what the iPad can do.
The iPad was a disappointment. It did not live up to the hype. There’s so no app for that.
Sure the iPad will sell, but not like the iPhone.
Also Steve Jobs is doing something behind the scenes that most analysts missed. He wants Apple to earn recurring revenues.
Remember how AT&T subsidized the iPhone? Well Apple gets a slice of the pie from every AT&T customer that has an iPhone, every month when they pay their phone bill.
This is the ultimate goal of many companies – to have millions of people paying a small amount of money every month for using a service.
Steve Jobs is smart, real smart. He’s moving Apple to a recurring revenue base company.
Now let’s take a look at Apple’s stock.
In the short video below, you will learn about some key price levels to watch that will make the difference in this market. If you have a few minutes, you need to take the time to watch this video and to learn what I think this stock will do in the next 2 months.
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