Monday, June 25, 2007


IPhone Euphoria May Lead to Investor Disappointment:
June 25 (Bloomberg) -- Apple Inc., whose market value passed $100 billion in May as euphoria mounted over its iPhone, may be facing investor expectations that are too high.

Apple may sell as many as 200,000 iPhones in the product's first two days on the market this week and as many as 3 million in the second half of the year, according to the most optimistic analyst estimates. Apple, in its only public forecast, says it plans to sell 10 million next year.

Sales at those levels would outdo the iPod, Apple's best- selling product to date, for comparable periods. The danger is that Apple may fall short of projections for initial sales and damp investor enthusiasm for the product.

``There's definitely a lot of buzz,'' said Andy Hargreaves, an analyst at Pacific Crest Securities in Portland, Oregon. ``If they only sell 100,000, that would be bad'' and the stock will fall. Hargreaves is one of two analysts predicting two-day sales of 200,000...
Update: It's just a phone!:
...Hey folks, a cell phone is a communications tool that is supposed to make your life easier. If you are standing in line for 3 days to spend five hundred dollars for the product then it has already failed the "make your life easier" test...


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