Is the Expert Smart or Stupid?

A new survey has found that 13 percent of respondents are likely to buy Apple’s forthcoming iPad, a number greater than the 9 percent who planned to purchase an iPhone before its launch in 2007.

link: AppleInsider | Apple iPad demand exceeding pre-launch iPhone buzz?

A summary of the typical expert reaction to the iPad in three steps:

Step 1: Expert: “Apple is stupid to launch such a dumb product!”

Step 2: Product sells very well

Step 3: Expert: “Well, what do you expect… People are stupid!”


Game developers move to iPhone, ignore Wii

Developers creating games for mobile phones increased to 25 percent, up from 12 percent a year ago. Of those mobile developers, 75 percent are targeting iPhone and iPod Touch games. The total number of iPhone developers is more than twice the number making games for the Nintendo DS and Sony PlayStation Portable.

link: Game developers move to iPhone, ignore Wii | VentureBeat


When to Sell

I would sell AAPL when hateful articles are no longer written. When the consensus that Apple is dominant is overwhelming then sell. When computing has de-facto shifted to mobile, then sell.

When there are no more iKiller wannabes and when competitors no longer seek to “take on the upstart” then sell.

As long as there are doubters, whether due to ignorance or reactionary fear and loathing, the stock is underpriced.

If you doubt and hate Apple, please post and comment and give me the confidence to hold.