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Don't Underestimate Siri

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October 10, 2011 – Comments (1) | RELATED TICKERS: AAPL

I don't mean SIRI, Sirius XM radio.  Feel free to underestimate them all you want.

I'm talking about Siri, the new natural-language personal assistant that has debuted on the iPhone 4S. Lots of bloggers were disappointed.  That's because they overlooked or didn't understand the idea that Siri makes the power of a smartphone available to non-power users.  A lot of people who would never open the browser to do a map-assisted search for an Italian restaurant will be comfortable asking Siri to do it for them.  Once these people see their friends talking to their personal assistants - in plain English (or French, or German, or Korean, or Chinese, or Japanese) they will know they must have an iPhone. 

A million people already drained the total iPhone 4S inventory of Apple, AT&T and Verizon in less than a week after the announcement.  (Sprint still has a few of the higher-priced 64 GB model in stock.)  These folks know what the analysts don't.

Siri may eventually be in your car; your TV set; your dishwasher; he'll read QR codes for you and figure out where you should buy your next big purchase.  And Apple may get a cut.  Even if they don't, they'll end up knowing more about your life than Facebook.

Don't underestimate him. 

1 Comments – Post Your Own

#1) On November 02, 2011 at 8:26 PM, ikkyu2 (99.52) wrote:

Well, the popular blogosphere has caught on and is publishing a lot of articles like this.

However, I believe that 5 years from now, this article and the investment thesis it contains will be easily recognizable as the single best investment thesis that has ever appeared in this blog. 

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