Not all Roses for the iPhone
This really isn't a surprise through the telecom industry
Apple IPhone Sales Disappoint, Weigh On Share Price
NEW YORK -(Dow Jones)- Some luster may be coming off of Apple Inc.'s (AAPL) iPhone.Rising concerns about iPhone sales, prompted by AT&T Inc.'s (T) earnings report Tuesday and talk of slackening demand, come a day before Apple reports its quarterly earnings and a day after the stock set another all-time high. The concerns have Wall Street reexamining its lofty iPhone expectations and speculating about the product's next version.AT&T said on Tuesday that 146,000 new iPhone subscribers signed up in the first two days of its launch - wildly successful for any other consumer- electronic product but a disappointment when compared with Wall Street's sky- high expectations. The figure, as well as speculation over a slowdown in demand has Apple - trading near its all-time high - taking a major hit in its share price.
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Comments
This Reuter's video agrees with you...http://thenewsroom.com/details/528239?c_id=wom-bc-js
Posted by: Ian from www.thenewsroom.com | July 28, 2007 9:46 AM