Should I buy Apple stock over product?

I read an article over on John Chow’s blog that lead me to an interesting bit of information from Kyle Conroy’s blog about buying Apple stock over buying Apple product. At first, I expected it to be a rant about how great the stock market is and how we should all invest in our favorite corporations, but after looking at it, it proved to be much more of a “why didn’t I think of that” type of story.

Although I loved the article, I now hate myself for not being “smarter” in my younger years. I guess I can chalk it up to just not being sure about the future, but then again when it comes to Apple, did anybody really think this company would fail? Google maybe, but Apple? Likely not.

The Breakdown

Essentially what Kyle did was compare the selling prices of almost all of Apple’s products to the stock price on the day these products came out and then again to today’s stock price. Here are the products I own for example:

  • Original iPhone – Price paid on January 9th, 2010: $499 – If I had bought Apple stock on the same day instead of the iPhone, I would now have $1,460 in my portfolio.
  • iPhone 3GS – Price paid on June 8th, 2009: $199 – I would now have $375 in my portfolio.
  • 2.4G MacBook (13″ unibody, late-2008) – Price paid on October 14th, 2008: $1599 – I would now have $4,161 in my portfolio.

That would have given me a grand total of $5,996 in my portfolio today! Instead, I have negative $2597. Granted, the products have served me well and I don’t regret owning (or buying) them, but the point is still made.

Could I have forgone these items to have a few extra thousand in a volatile environment such is the stock market? Probably no more than any of us could forgo our new cars and expensive clothes. However, one item that took the cake on this list is one that I could have forgone if only I had that much money at the time.

Apple PowerBook G3 250 (Original/Kanga/3500) – Price on November 10th, 1997: $5700 – If you used that money to buy stock on the same day, you’d now have $330,563 in your portfolio! On the other hand, maybe you used that PowerBook to start your business and now you make more than $300,000 a year being your own boss! You never know how the tides may turn.

Go check out the rest of the list here and see what your Apple products could have amounted to.

Apple's New iPhone?

I’m not the first to report this, but I will toss in my two cents. First off, if you haven’t heard, someone is claiming to have found an iPhone at a bar in San Jose and upon closer inspection, noticed that it was not your everyday iPhone! They go on to further claim that it is the newest iPhone expected out this summer and was disguised in an iPhone 3GS case.

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The new iPhone is speculated to be called iPhone 4G or iPhone HD due to its faster network speed and HD screen. If the new phone is to sport a screen like the iPad, the price might still be too high for most. The HD screen for the iPad costs around $60 while the same screen in iPhone size might reach as high as $500. Gizmodo has launched a full story on the issue, and here is what they found in terms of hardware:

What’s new

  • Front-facing video chat camera
  • Improved regular back-camera (the lens is quite noticeably larger than the iPhone 3GS)
  • Camera flash
  • Micro-SIM instead of standard SIM (like the iPad)
  • Improved display. It’s unclear if it’s the 960×460 display thrown around before—it certainly looks like it, with the “Connect to iTunes” screen displaying much higher resolution than on a 3GS.
  • What looks to be a secondary mic for noise cancellation, at the top, next to the headphone jack
  • Split buttons for volume
  • Power, mute, and volume buttons are all metallic

What’s changed

  • The back is entirely flat, made of either glass (more likely) or ceramic or shiny plastic in order for the cell signal to poke through. Tapping on the back makes a more hollow and higher pitched sound compared to tapping on the glass on the front/screen, but that could just be the orientation of components inside making for a different sound
  • An aluminum border going completely around the outside
  • Slightly smaller screen than the 3GS (but seemingly higher resolution)
  • Everything is more squared off
  • 3 grams heavier
  • 16% Larger battery
  • Internals components are shrunken, miniaturized and reduced to make room for the larger battery

Is this real?

According to John Gruber at Daring Fireball, Apple has has lost a prototype although Apple is considering the phone “stolen” and they would like it back. Gizmodo apparently got wind of this phone from the individual who found it and subsequently purchased the phone, disassembled it and created the exclusive article and breakdown as summarized above.

The person who found it also mentioned that at first, he/she was able to play with the operating system for a bit before Apple apparently remotely wiped it (naturally). Now, all they get is the “Connect to iTunes screen”. However, it has been said that when the OS was working, it appeared to be that of iPhone 4.0 which is due out around the same time as the expected new phone.

My two cents

I don’t really care if it’s real or not. I won’t be buying a new iPhone this year anyway. In an effort to save money, I have started a plan to skip a year for new phones, so I’m staying with my 3GS. However, this phone does look pretty slick and if this is the new design, I’m pretty happy with it.

I was just thinking how funny it would be if this whole episode was planned by Apple in an effort to generate more buzz while at the same time diverting attention away from the actual design of a new iPhone. I wouldn’t put it past Apple to send this out in the world so other phone makers can copy the look and feel and then turn around and release something completely different!

At any rate, if this is legit and the phone was “lost” or “stolen” and if Gizmodo actually paid a price to exploit it, I believe they’re going to have some tough questions to answer if Apple decides to pursue this issue legally.

UPDATE 4-20-10

This phone is indeed “a device that belongs to Apple” according to a letter sent to Gizmodo by Bruce Sewell, Senior VP and General Counsel for Apple. Here’s the full letter:

Also, we all know the who the person is that lost it! His name is Gray Powell an Apple software engineer. He truly did leave the phone on a bar stool after getting drunk on his 27th birthday. The bar is a place called Gourmet Haus Staudt and it’s located in Redwood City, CA. All you crazy Apple fans can now go here and see the very stool that the new iPhone was left on for the world to discover months before it came out. They have the stool behind bullet-proof glass and you can’t take pictures of it, but it’s sure worth the drive!

Get the full story on how this whole fiasco unfolded at Gizmodo.

As for me, I feel sorry for Gray and I hope Apple doesn’t fire him for this mistake. Apple (as well as all of us) knows that this won’t hurt sales at all! In fact, it might even boost sales. They can now use the constructive criticism that’s sure to come to make improvements. Of course we lose the excitement of seeing the latest device from Apple being unveiled, but isn’t this whole story exciting enough?

There it is folks…the new iPhone has been leaked and the most uptight and secured company in the world has had a major blow dealt to its ego. My thoughts? Let’s move on to more important things in life–like when will the iPhone come to Verizon?!

UPDATE 6-9-10

We all know now that the iPhone 4 has just been announced and all your dreams of owning one can now become a reality on June 24th. In fact, AT&T has even allowed early upgrades for previous iPhone owners. This means that I might actually be getting the new phone! All I have to do is find someone that wants to buy my 3GS from me. Good thing there’s people on eBay looking to buy phones without having to sign up for a 2 year contract.

UPDATE 6-21-10

After a crazy and disasterous pre-order system and a bunch of drama later, I finally ordered my iPhone 4 and can expect it at my door sometime this week!

IMAP on iPhone

It seems like a simple task and for the most part it is, but what happens if you set up your IMAP email account and then you get an error message stating this when trying to delete messages:

Unable to Move Message

Well first, let me send you over to an awesome guide for setting up IMAP email on iPhone alongside the Mac app, Mail. The link for this guide can be found here and it contains a very detailed look at the configuration from beginning to end. I only have one piece to add to it.

If you’re getting the message above, it’s simply because by default, iPhone wants to use the Trash, Sent and Draft folders on the phone rather than the same folders on your mail server. What this means is when you try to delete a message, you get an error saying it can’t be moved. For whatever reason, iPhone does not allow you to throw email away in your phone’s trash. My best guess on this would be that it defeats the purpose of IMAP, which is to completely map ALL folders on the server to each of your email devices.

At any rate, the fix is very simple. Follow these steps:

  1. Go to the iPhone Settings
  2. Tap on Mail, Contacts, Calendars
  3. Tap on the email account you wish to edit
  4. Scroll down to Advanced
  5. Under the header ‘Mailbox Behaviors’, tap on each of the three mailbox folders and check off the identical box under the ‘On the Server’ header.

You’ll see that you’ve changed the folder from being ‘On My iPhone’ to ‘On the Server’. Once the changes have been made, you’ll be in business!

Replacing the iPhone enclosure

I’m re-posting this tutorial I found online mainly for my information, but you might benefit from it as well. I’ve looked and looked for a way to turn my iPhone into a black one without having to have the lower model 3G version, so here it is. By the way, to purchase the casing, there’s two places I’ve found so far that appear to sell the same product and a lot cheaper than some overseas places I’ve seen. The first one I always hear about is CNN.cn. Everytime I’ve checked, they’ve been sold out, so I found this one as well: WeLoveMacs.com. Both sell them for $30-40.

Another quick note: the sim card caddy is mentioned to be painted black in the article down below, but if you want to get a black metal replacement for your new backing, I’ve only seen it sold on CNN.cn for $9.99.

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Matt McK took the time to write up this detailed step-by-step guide on how to replace the back casing of the iPhone with a black one. His tutorial follows…

Ever since the iPhone was originally announced I’ve always wished it was black.

When i picked one up the first weekend they were released I even thought about powdercoating my back to make it black. Luckily, CNN.cn came out with replacement silver and black metal housings to save me the trouble. Well, not entirely, as I’m sure many people have seen already in the earlier thread how the results look, but no where offers a “how-to “do it!

There are a handful of sites that show how to take the iPhone apart, but no one actually shows how to remove all the delicate pieces from the rear housing. I’ve swapped housings on a number of different phones, but have never run into one as complicated and delicate as the iPhone.

So everyone doesn’t ruin their new toy, I’ll try to walk you through the process here. I’m going to jump right into the housing assuming that you’ve already taken it off. If you don’t know how to do that, google search and read one of the half dozen sites that show you how. This is the end result:

Black iPhone -Not a 3G
Parts you will need:

– new housing
– super tiny philips screwdriver. (The one I found at Ace hardware didn’t even have a number on it. All I know is that ‘0’ was not small enough.)
– small flat head screwdriver
– adhesive remover
– super glue/adhesive
– pen/paper
– patience!

Once you get the back off you’ll be looking at this:

Inside the iPhone
Note the location of screws and where things are glued to. I would suggest labeling all the tiny screws so you know exactly where they go because they are NOT all the same size. I took a lot of pictures throughout the process so I could reference exactly where everything went when I was ready to put it all back together.

Inside the iPhone
Inside the iPhone
Inside the iPhone
Once you remove all the screws and electronic components you’ll be left with the metal skeleton of the original housing. Quite honestly, this is the hardest part about the swap.

iPhone enclosure parts
The skeleton is glued on by some crazy hard cement type glue. I couldn’t seem to find anything to take it off so I finally went to Home Depot and picked up the strongest adhesive remover I could fine. This one removes concrete and flooring so I thought it’d do the trick!
Adhesive remover
Next, pour the solvent on the skeleton ensuring you get it in all the cracks. Let it sit for about 20 -30 minutes. After it’s done its job and using the smallest flat blade screwdriver you have slowly pry away the skeleton. Be careful as these parts are extremely brittle. I cracked quite a few parts of it before i got this solvent and realized the ‘proper’ way to do it.

When you’re finished you’re left with this:
Removed parts
Actually, I think there are a few pieces missing from that pic, but you get the idea.

The housing will then be stripped bare with nothing left on it:

iPhone rear enclosure
As you can see, before I went the “super strong solvent” route, I tried prying the crap out of the parts which bent a number of points of my original housing. No turning back now!

Once everything is taken apart, cleaned, and dried, it’s time to put it back together. I referenced the photos I took earlier to ensure everything was put back in the proper place. I used superglue, but you could really use anything you wanted to hold everything in place. If you’ve gotten this far, you should realize how to put it back together.

New iPhone rear enclosure
Then it’s simply a matter of putting the housing back on the phone and… Voila! An all black iPhone. For the SIM card cover i sprayed SEM trim black paint so it matched the housing.

New black iPhone casing
New black iPhone casing
New black iPhone casing
In Hexproject’s thread he mentions it took him 3 hours and people balked at him thinking it should only take 30 minutes. Those people have no idea what they’re talking about. I spanned this out over two days before/after work and finals. I’m sure it took me close to 3 hours as well. Plus, I had to run back and forth a few times to get the right parts.

The end result is just what I was looking for! I did, however, mess up one part and that was the silent/ring switch. I must not have noted which position it was on when I took it all apart and now it’s stuck on vibrate! Frustrating, but I guess I’ll have to deal with it. I really don’t feel like taking the phone apart again. Anyone know if there’s anyway to turn on the ringer another way than that damn switch?!

Other than that, I hope the post was helpful. Comments are always welcome.

My first post from my iPhone

I know, I know; who cares, right?! I do because I’m bored! I’m sitting here at work while SP3 installs on this XP machine and all I can do is wait. So I thought I’d give my phone a try with logging into my site. It’s not bad so far.

Anyway, since I’m here I might as well post some news. As of this morning, I’ve officially enrolled back into school and this time I’m going for what I want. It’s never a bad idea to go back to school. In the immortal words of Cheech Marin in Ghostbusters II, “Better late than never!”.

Alrighty, that’s all for now. This install is almost complete.