Apple’s iPad Catching On in American Enterprise
Apple’s (NASDAQ:AAPL) iPad, after its catalytic role in increasing e-commerce in the 2011 holiday quarter, is now set to ease the company’s foray into corporate America. According to a recent survey by IDG Connect, more than half of managers surveyed claimed to ‘always’ use it at work, while 40 percent used it ‘sometimes’. Significantly, all of 79 percent used the device for business while out of the office. This is reinforced by the iPhone, which is so much in demand that businesses are being forced to allow it in their systems. The inroads made by these two devices in American enterprise are setting up for Apple’s Mac computers to make a similar entry.
One example of the iPad’s use in industry is pharma – according to Matt Wallach, co-founder of Veeva Systems Inc., a maker of sales software for drug companies based in Pleasanton, California, “I’ve seen a lot of devices come and go over the years. Nothing touches the speed of adoption of the iPad.”
There is now a real threat to the ‘Wintel’ partnership between Microsoft (NASDAQ:MSFT) and Intel (NASDAQ:INTC), as these gains for Apple have come with apparently no serious effort on its part. What if Apple really pushed for corporate dominance, using its iTunes and App Store infrastructure for selling software, and thereafter hardware to enterprise customers?
Analysis of job vacancies on Apple’s website shows more corporate focused positions, and this could be an indicator of the company’s intentions. However, the company spokesman declined discussing its corporate strategy.
Here’s how these stocks are trading now:
Apple Inc. (NASDAQ:AAPL): AAPL shares recently traded at $456.48,. They have traded in a 52-week range of $310.50 to $458.24. Volume today was 7,877,628 shares versus a 3-month average volume of 12,748,300 shares. The company’s trailing P/E is 12.99, while trailing earnings are $35.14 per share.
Microsoft Corporation (NASDAQ:MSFT): MSFT shares recently traded at $29.99, up $0.46, or 1.56%. They have traded in a 52-week range of $23.65 to $29.95. Volume today was 53,492,011 shares versus a 3-month average volume of 54,974,100 shares. The company’s trailing P/E is 10.87, while trailing earnings are $2.76 per share.
Intel Corporation (NASDAQ:INTC): INTC shares recently traded at $26.74, up $0.32, or 1.21%. They have traded in a 52-week range of $19.16 to $27.00. Volume today was 32,115,066 shares versus a 3-month average volume of 52,335,200 shares. The company’s trailing P/E is 11.19, while trailing earnings are $2.39 per share.