What do you think of Apple? Do you all think that's it going to slow down soon? Well on June 11, Steve Jobs will be giving some heads-up during the Worldwide Developer's Conference, and analysts and investors alike will be looking for him to unveil updates on the Mac platform, iPhone and the Apple TV that has been causing a lot of excitement.
Just under two months ago (early April), Apple shares held steady at $92, to jump $30 dollars in a matter of weeks. iPhone is probably the perfect explanation, but it will most probably be the catalyst for further expansion in their stock prices. Don't be stupid, don't think Apple is that simple - rather I like to compare them to RIMM, where constant products and news keep investors high and turned-on.
There was an article on the iPhone that said they surveyed several Cingular stores on the demand, wait lists and their expected availability. The results indicated that the stores do not have reliable information on the timing of when they will have the phone; and most expect to only have a few, a maximum of 40 packages on hand initially.
Overall though, pent-up retail demand at Cingular stores appears very strong.
Apple's management also appears to be excited about the iPhone and said that its big priority is preparing for the its launch. Apple emphasized that it plans to innovate across every aspect of the customer cell phone experience; including product, service, support, and billing. iPhone will be introduced to the market on time and will ramp into high volume immediately following the launch. It’s worth noting that several members of Apple management are currently already using the iPhone - cool isn't it?
iPhone units will range anywhere from 2M to 5M in 2007 and 2008, and maybe possibly more with the worldwide demand.
$123 sounds high? Try $140 or $150 by the end of summer - unless Apple splits its shares or something.