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Thu, Nov 20, 2008 - 11:52 PM EST  —  AAPL: 80.49 (-5.80, -6.72%)  |  NASDAQ: 1316.12 (-70.30, -5.07%)

Analyst: Apple iPhone’s browser share has nearly doubled since 3G launch
Tuesday, August 19, 2008 - 01:13 PM EST

"Over the past few weeks, several Wall Street kernels have popped when it comes to Apple. Another this morning, courtesy of Pacific Crest Securities, and investors might be wondering when the whole bowl of kernels finally, suddenly, becomes popcorn," Jim Goldman reports for CNBC.

"Analyst Andy Hargreaves focuses on Apple's iPhone and its momentum in the marketplace... Hargreaves reports this morning that Apple's iPhone 'browser share has nearly doubled to 0.31% since the 3G launch.' It's a key metric that shows market penetration and customer use. Says Hargreaves: 'Accelerating web usage highlights iPhone’s key long-term advantages,'" Goldman reports.

"There's a reason why so many [AAPL] targets are above $200 a share (and why Hargreaves sits at $235 this morning): Consumers seem to know what some investors are having trouble grasping -- or believing: that Apple might be positioned better in so many key markets than any of its competitors," Goldman reports.

Full article here.

[Thanks to MacDailyNews Reader "JES42" for the heads up.]

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Reader Feedback: ( = registered)

Aug 19, 08 - 12:23 pm Comment from: thethirdshoe

This is my first first post ever. I feel special!

Aug 19, 08 - 12:34 pm Comment from: minime

As the cash rolls in from iPhone sales, and before the stock goes up, how about a little stock buy back with that mountain of green!

Aug 19, 08 - 12:38 pm Comment from: Mac-nugget

Just imagine where those browser share numbers would be if the 3G network would actually allow users to browse the net. grin

Aug 19, 08 - 12:40 pm Comment from: Maconymous

Hey everyone, I need some feedback from those of you who have updated to iPhone 2.0.2.

I have downloaded the update and it starts to update my phone, by first backing it up to iTunes, but it doesn't go anywhere from there. It's stuck at the first maybe 5% of backing up, and I left it to do it's thing overnight, but without any success. Interestingly, while it's supposedly backing up, the phone doesn't say that it's synching, but is instead just charging. Did anyone else have this issue, and if yes, what's worked to fix it?

Thanks in advance!

Aug 19, 08 - 12:49 pm Comment from: DanielM

Maconymous:

No problems here whatsoever.

What OS/Computer/Connection type are you running on?

Aug 19, 08 - 12:52 pm Comment from: FreddyThePig

First thing I'd try is reboot iPhone, heck, reboot the computer, see if that changes things.

Aug 19, 08 - 12:53 pm Comment from: Maconymous

I'm using a first-gen MacBook (1.8Ghz) and a first-gen iPhone. This is the first time I've had any problems with updating it, and I do it on a almost-daily basis as the apps I have installed on it get new updates. I don't have that many apps (maybe 25 total), so it shouldn't take too long, and it would've certainly completed overnight (which it didn't in this case).

Aug 19, 08 - 12:55 pm Comment from: Macaday

That cash mountain is special. Interesting article today about it at the Mac Observer:

http://www.macobserver.com/editorial/2008/08/19.1.shtml

Aug 19, 08 - 12:56 pm Comment from: Maconymous

The OS is 10.5.4 and I've tried rebooting both devices without any success. I keep both devices clean of clutter and in very good shape (a bit on the OC side smile ) so I know that nothing is burdening the system. I've had it for two years now without any issues.

Aug 19, 08 - 12:57 pm Comment from: mike

Magnugget..

Remember when the first iPhone launched... and... SJ said 3G penetration was shit in North America... and everyone looked at each other and nodded saying, "Yeah, and besides, Wifi is even faster..."

A year later, and USA still trails many European and Asian countries in this regard.

Maybe you should have gotten an iPod touch (keep your old cell phone)..

...or just move to Europe.

Aug 19, 08 - 12:59 pm Comment from: Maconymous

I have a high-speed connection, and the update downloaded to my iTunes without a hitch. It's just the backup during the installation that is making problem at this time, as iTunes seems to freeze at about 5% of the backup track.

Aug 19, 08 - 01:03 pm Comment from: FreddyThePig

It's too easy to tell you what I'd do because I won't have to live with it if you do. But anyway, it sounds like something got corrupted on the iPhone that messes with the backup. So you could skip the backup and go ahead and install the update and then try a backup. Or, Restore.

Aug 19, 08 - 01:06 pm Comment from: Gertrude Swine

Don'r forget:

That's .31% of ALL web usage, not .31% of mobile web usage.

Apple's share of MOBILE usage is even bigger.

Aug 19, 08 - 01:09 pm Comment from: Markkus

Apple is the new Microsoft. ICal that. Allow 3 years.

Aug 19, 08 - 01:12 pm Comment from: TheConfuzed1

Maconymous--

The same thing happened to me. I was able to fix it by selecting the iPhone in iTunes, and on the summary page, clicking the 'sync' button the lower right hand side.

I hope this helps.

Aug 19, 08 - 01:24 pm Comment from: aking

Maconymous-
I had the same problem and called Apple support. They had n idea, but....
I fixed it by disconnection the phone, closing iTunes. Restarting iTunes, and connecting the phone. Then I let it do a full synch. (This seems ciritical) when the sych was finished I clicked on the update button and everything worked, albeit slowly.
I think the issue is that if your phone is somewhere in the synch cycle it conflicts with the updater 'backup'. If you let the synch finish it seems to update perfectly.

Aug 19, 08 - 01:30 pm Comment from: FUDsucker Proxy

did you know that Markkus backwards is "sukk RAM"?

He MUST be a Vista user.
smile

Aug 19, 08 - 01:30 pm Comment from: TheConfuzed1

Also, Freddy was right.

Before the update, I downloaded Texas Hold 'Em with the iPhone version of the app store, and my iTunes kept choking on it.

Before using the 'Sync' button, I had to cancel the backup.

Aug 19, 08 - 01:44 pm Comment from: FreddyThePig

Little bit of advice I picked up on one of the "serious" blogs; you know the ones, they all are serious and use their real names and don't call each other dirty names and the "Paid by Microsoft" flamers don't bother - well, someone said to NOT add apps via the iPhone but to always use iTunes and then sync them over to the iPhone. He figured that was causing problems and said to give Apple time, like till the 2.1 update before adding apps via the iPhone.
I've done that and none, NONE of my apps crash, ever.
Take it for what it's worth.

Aug 19, 08 - 01:52 pm Comment from: thethirdshoe

@Freddy

Sounds good, bacon brother.

Aug 19, 08 - 01:58 pm Comment from: Maconymous

Thanks to all who replied to my posting! I'll try your suggestions as soon as I get home from work tonight. If it doesn't work, I'll be back here to complain! wink

Aug 19, 08 - 02:04 pm Comment from: BC Kelly

"Consumers seem to know what some investors are having trouble grasping -- or believing"



That (under)statement kinda jumps out at ya

And why stop there ?

Let's include - IT types, Stock Analyst, Tech reporters/writers, most of Wall Street, the idiot who works in the cubicle next to you, my dog (but recently the cat figured it out and is now helping with the dog), and vast majority of those using computers in the civilized world (minus any ET types here on a visit, Steve call home)




BC

Aug 19, 08 - 02:14 pm Comment from: BC Kelly

Oh, sorry, p.s.


To Frederic the Filthy Swine wallowing in - all at the same time - his own shit, mud, and supper:

Look forward to seeing you at breakfast tomorrow morning

And I am VERY serious


Yummy, and it doesn't taste like chicken

BC Kelly
Tallahassee Fla

Aug 19, 08 - 02:17 pm Comment from: Mac-nugget

@Mike
I did keep my old cell phone. It's the original iPhone 2G, and it runs just fine.

I meant it as a joke, but apparently you need to have audio, because the visual included in my post in the form of a smily did not apparently alert you enough not to take my post literally.

Aug 19, 08 - 02:19 pm Comment from: Mac-nugget

@Maconymous
Also attempt to install a fresh copy of iTunes, apparently the patched version can give you problems.

Aug 19, 08 - 02:43 pm Comment from: twodales

Just had the pleasure of one of my friends showing me his brand new LG Voyager on the Verizon network. He handed me the phone and my first question was "how do I get on the internet?"
Answer: "I don't know"
After a few minutes of fumbling around he managed to connect to the NBC Olympic web site. My next question was "how do I read this web site with a screen that is this small?"
Answer: "I don't know, besides I will only use this for phone calls because I have a laptop that does that other stuff.
Most people just don't get it.
Sent from my iPhone

Aug 19, 08 - 02:58 pm Comment from: WriterGuy

One-third of one percent, and you're talking about kernals popping? Please. The iPhone is great (I've got a first-gen model that I love), but it's not a serious player on the Internet. Not at one-third of one percent of web traffic.

Aug 19, 08 - 02:58 pm Comment from: MikeH

minime
Only companies in financial dispair buy back shares. It's done to prop up the share price.

Aug 19, 08 - 05:44 pm Comment from: R

Companies also buy back shares if they anticipate future growth and want to make sure the percentage of outstanding shares tips better in their favor.

MDW "sense," and in "Makes some."

Aug 19, 08 - 07:30 pm Comment from: iDon't

More porn baby!

Aug 20, 08 - 06:20 am Comment from: theloniousMac

We've had this pattern forever now. Stock will creep up and up then as soon as Apple makes a product annoucement, no matter what that announcement is, the stock will tank, and the creep will start again.
Traders don't purchase stock based on how good a company is or how great its products are or any such old fashioned notions. The concept of purchasing equity in a company for the long haul is as quaint as being a virgin until you are married. The market is nothing more than a big old casino and Apple stock is just another slot machine.

Aug 20, 08 - 07:40 am Comment from: FreddyThePig

@BC
Didn't quite finish 8th grade did you?
You don't know your literature; if you did you'd know I was around long before the famous "Animal Farm."
talking pigs is cool!

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