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July 21, 2008, 7:30 pm
Power Point: Focus by saying no
“People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of many of the things we haven’t done as the things we have done.”
– Apple (AAPL) CEO Steve Jobs said this to Fortune’s Betsy Morris in March. Apple announced a 31% increase in third-quarter earnings today, but shares fell 9% in after-hours trading due to the company’s conservative fourth-quarter earnings forecasts.
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Good time to buy if you ask me. Apple is on a roll, they make Microsoft look totally incompetent. (People have been trying to tell me this for years, now I am seeing exactly what they mean.)