AAPL - Apple Inc.

[Liberty]

http://exitevent.com/authentec-co-founder-f-scott-moody-talks-about-the-iphone-5s-fingerprint-scanner-13911.asp

 

From the beginning, AuthenTec was focused on a low cost solution that was about the individual, helping protect their privacy, providing security. A nice feature about the AuthenTec technology, is it leanrs.

 

"Every time you use it," said Moody, "it becomes more secure."

 

Yeah, someone was recently saying that it seems like if you put a weird angle of your finger (side) and it doesn't work, and then you immediately try again with an angle that works, the software learns and the next time that weird angle will be recognized.

[Kiltacular]

http://www.bloomberg.com/news/2013-09-21/apple-s-iphone-crowds-signal-record-debut-for-handsets.html

[Liberty]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

[Guest wellmont]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

 

except that's totally subjective. in fact there are really smart guys over at the verge who think android is a much better user experience, and a better phone OS than io7. "ease of use quality of experience" is subjective. one of the big criticisms of ios 7 is notifications. another big criticism is the keyboard. for keyboards, android has more choice, more options, and arguably a better experience for the user. customers like choice. there still is a perception in the mass media that apple is ahead on qualitatives. that's a perception. the reality is different. and even more stark when you factor in cost adjusted user experience.

[Liberty]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

 

except that's totally subjective. in fact there are really smart guys over at the verge who think android is a much better user experience, and a better phone OS than io7. "ease of use quality of experience" is subjective. one of the big criticisms of ios 7 is notifications. another big criticism is the keyboard. android has more choice, more options, and arguably a better experience for the user. there still is a perception in the mass media that apple is ahead on qualitatives. that's a perception. the reality is different. and even more stark when you factor in cost adjusted user experience.

 

Subjective factors have always influenced buying decisions and shouldn't be disqualified.

 

You say the reality is different; how do you know?

[Guest wellmont]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

 

except that's totally subjective. in fact there are really smart guys over at the verge who think android is a much better user experience, and a better phone OS than io7. "ease of use quality of experience" is subjective. one of the big criticisms of ios 7 is notifications. another big criticism is the keyboard. android has more choice, more options, and arguably a better experience for the user. there still is a perception in the mass media that apple is ahead on qualitatives. that's a perception. the reality is different. and even more stark when you factor in cost adjusted user experience.

 

Subjective factors have always influenced buying decisions and shouldn't be disqualified.

 

You say the reality is different; how do you know?

 

I agree. there are many that prefer the android user experience. they just don't happen to write for that apple centric blog.

[Guest valueInv]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

 

except that's totally subjective. in fact there are really smart guys over at the verge who think android is a much better user experience, and a better phone OS than io7. "ease of use quality of experience" is subjective. one of the big criticisms of ios 7 is notifications. another big criticism is the keyboard. for keyboards, android has more choice, more options, and arguably a better experience for the user. customers like choice. there still is a perception in the mass media that apple is ahead on qualitatives. that's a perception. the reality is different. and even more stark when you factor in cost adjusted user experience.

 

More choice is more confusion for the average user, not a better user experience. The guys are Verge are techies, not average users.

 

For the average user, a gold phone is a big jump in user experience if she uses the iPhone to show status. Not for the guys are Verge.

[kevin4u2]

Does anyone else have a problem with this fingerprint scanner?  This may make for better security but it may also backfire.  For instance, given the level of government requests from the tech companies, is it a good idea to now hand over your fingerprint? 

 

If this was on every device, the government would then have a free database of fingerprints.  Beyond that they could locate that fingerprint by locating the phone.   

 

I wouldn't use a fingerprint scanner if you paid me, and I'm Canadian.  What do the American's on this forum think? 

 

http://exitevent.com/authentec-co-founder-f-scott-moody-talks-about-the-iphone-5s-fingerprint-scanner-13911.asp

 

From the beginning, AuthenTec was focused on a low cost solution that was about the individual, helping protect their privacy, providing security. A nice feature about the AuthenTec technology, is it leanrs.

 

"Every time you use it," said Moody, "it becomes more secure."

[Guest wellmont]

i won't be putting my fingerprint into a phone. not that it matters. the goobermint already has our fingerprints. but why make it easy for them?

[Guest valueInv]

Does anyone else have a problem with this fingerprint scanner?  This may make for better security but it may also backfire.  For instance, given the level of government requests from the tech companies, is it a good idea to now hand over your fingerprint? 

 

If this was on every device, the government would then have a free database of fingerprints.  Beyond that they could locate that fingerprint by locating the phone.   

 

I wouldn't use a fingerprint scanner if you paid me, and I'm Canadian.  What do the American's on this forum think? 

 

http://exitevent.com/authentec-co-founder-f-scott-moody-talks-about-the-iphone-5s-fingerprint-scanner-13911.asp

 

From the beginning, AuthenTec was focused on a low cost solution that was about the individual, helping protect their privacy, providing security. A nice feature about the AuthenTec technology, is it leanrs.

 

"Every time you use it," said Moody, "it becomes more secure."

 

The phone doesn't have your fingerprint. It creates a template from the fingerprint image. This is then used to create a hash using a one-way function. This hash is then stored in a secure part of the chip. This part is not directly accessible by the OS, so it is incredibly hard to pull out the hash from the chip. Even if you did, you won't be able to generate the fingerprint from that.

 

If the NSA want's your fingerprint, its much simpler and cheaper from them to call you in for a meeting and hand you a glass of water.

[Palantir]

The NSA already knows what it needs to know about you, fingerprint is not a worry, IMO. Plus, GOTUS may already have your fingerprint in some cases, eg immigration and naturalization.

 

 

 

Wellmont - how many Apple devices have you owned and used? How long did you use them? You keep talking about how the Android user experience is better than Apple, so I'm wondering where this is coming from.

 

FYI - I have never touched an Android device.

[eggbriar]

German group claims to have hacked Apple iPhone fingerprint scanner:

 

http://www.reuters.com/article/2013/09/23/us-iphone-hackers-idUSBRE98M01X20130923

 

That was quick!

[Liberty]

German group claims to have hacked Apple iPhone fingerprint scanner:

 

http://www.reuters.com/article/2013/09/23/us-iphone-hackers-idUSBRE98M01X20130923

 

That was quick!

 

That was expected. The fingerprint scanner isn't supposed to be unspoofable, just much much better than nothing for the 50% who don't set any password, raising the average iPhone security by quite a significant amount in a way that's convenient (because inconvenient security isn't used, as countless cases have shown).

 

Any determined security expert with access to a 2400 DPI scan of your finger and the will to make finger molds and such could break any fingerprint scanner. 4 digit passcodes and fingerprints are designed to keep thieves and random people around you out, not the NSA and security experts.

 

Fingerprints should be better than 4 digit passes, though maybe not better than much longer passes (which very few people use anyway, because who wants to type a 20 letters long pass everytime they use their phone).

 

Same as how door locks can be picked by people who know what they're doing, yet in practice we still use them because it's much better than not locking the door. Right now half of smartphone owners don't even have a door.

[Guest valueInv]

German group claims to have hacked Apple iPhone fingerprint scanner:

 

http://www.reuters.com/article/2013/09/23/us-iphone-hackers-idUSBRE98M01X20130923

 

That was quick!

 

That was expected. The fingerprint scanner isn't supposed to be unspoofable, just much much better than nothing for the 50% who don't set any password, raising the average iPhone security by quite a significant amount in a way that's convenient (because inconvenient security isn't used, as countless cases have shown).

 

Any determined security expert with access to a 2400 DPI scan of your finger and the will to make finger molds and such could break any fingerprint scanner. 4 digit passcodes and fingerprints are designed to keep thieves and random people around you out, not the NSA and security experts.

 

Fingerprints should be better than 4 digit passes, though maybe not better than much longer passes (which very few people use anyway, because who wants to type a 20 letters long pass everytime they use their phone).

 

Same as how door locks can be picked by people who know what they're doing, yet in practice we still use them because it's much better than not locking the door. Right now half of smartphone owners don't even have a door.

 

Add to it the pure usability benefit of not having to type your pass code 30 times a day.

[Guest valueInv]

Good piece:

 

http://stratechery.com/2013/clayton-christensen-got-wrong/

 

You can't overshoot on ease of use and quality of experience indeed.

 

I don't agree with everything there, but he parallels a lot of things I have said in this thread.

 

He's right that consumers are not rational in comparing specs and that they are influenced by advertising. This is why companies spend billions on brands.

 

I'll elaborate more one day when I have some time.

 

[Guest valueInv]

Speaking of marketing. Here are ads from Samsung and Apple:

 

http://www.youtube.com/watch?v=kAQZpmQpA_8

 

http://www.youtube.com/watch?v=p8IAkbWJNfY

 

See the difference? Still think Apple can't do ads without Jobs?

[krazeenyc]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

[hardincap]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

[Guest valueInv]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

But the 5c is DOA ;)

[hardincap]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

But the 5c is DOA ;)

 

of course you have to twist what i said to fit your thesis, just like how you completely misinterpreted an article and had to have someone spell it out for you.  ::)

[nwoodman]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

Extraordinary result.  +6% pre-market, certainly seems to have caught a few people of guard ;)

[rpadebet]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

But the 5c is DOA ;)

 

 

Read this on the Markel thread. Applies here too I guess

 

So that's it... oh, except I forgot the first step. Before doing your valuation, you should decide if you want to buy the stock.  That way, if you don't like the answer that you're getting, you know which way to change the estimates to achieve the proper result.  Otherwise, how else would you know what to do?

[Guest valueInv]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

But the 5c is DOA ;)

 

of course you have to twist what i said to fit your thesis, just like how you completely misinterpreted an article and had to have someone spell it out for you.  ::)

 

my bad interpretation led me to buy the stock when it dropped to 450 a few days ago. ;)

[Liberty]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

I believe that they've always given an update on sales the Monday after a new iPhone goes on sale. I would have been surprising had they not done it.

[hardincap]

http://www.apple.com/pr/library/2013/09/23First-Weekend-iPhone-Sales-Top-Nine-Million-Sets-New-Record.html

 

Maybe Apple knows the business of iPhones better than a bunch of wall street analysts. Peter Misek -- I'm looking at you.

 

9M is amazing, but I wish Cook had kept this information to himself and bought back a ton of stock at 470. Now it'll be hard for the stock to get back down there, at least in the near future.

 

But the 5c is DOA ;)

 

of course you have to twist what i said to fit your thesis, just like how you completely misinterpreted an article and had to have someone spell it out for you.  ::)

 

my bad interpretation led me to buy the stock when it dropped to 450 a few days ago. ;)

 

good for you. i added at 450 too but im not bragging about it.  ::)