Apple Shares Soaring on Iphone Wings
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As expecte Apple is making a mint off of these overpriced Iphone things. This flow of money hit the high tide mark after an analyst voiced a speculation that Apple would put out a cheaper version of the Iphone
Apple Shares Hit High After Prediction
SAN JOSE, Calif. (AP) - Shares of Apple Inc. (AAPL) hit a new all-time trading high Tuesday after an analyst speculated that the company would come out with a less expensive, smaller iPhone later this year.
The problem with this prediction is that it’s wishful thinking. As long as people are willing to plunk down $600 and $59 bucks a month for a two year contract there is no way they’re going to do anything cheaper. Perhaps when sales begin to slump because people are waking up to the fact that it’s still just a phone with gadgets and it’s not really worth as much as they’re asking. Untill that time, Iphone will stay overpriced.
Yet investors also were being cautioned Tuesday by a separate - more sobering - report from a different analyst at the same securities firm, saying he could not confirm his colleague’s assumptions. He told his clients in a report that a low-end phone from Apple was unlikely in the near term.
And this analyst is right. He couldn’t confirm this because as long as Apple is making a mint with the current overpriced model, they have no reason to do anything different.
Technorati Tags: apple, iphone, overpriced, stock+price
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