“With the launch of the hugely hyped iPhone in a few weeks, momentum investors are driving Apple (AAPL) shares to unexplored territory. The stock has doubled in the past year, to 122. Apple’s market cap recently topped $100 billion for the first time,” Peter Burrows reports for BusinessWeek.
“Hard as it is to believe, all the excitement surrounding Jobs and his new toy may actually understate the impact of this device on Apple’s fortunes. Beyond the hysteria surrounding its June 29 launch, the iPhone has the potential for adding a totally new, $10 billion-a-year business within just a few years. If Apple can expand so-called smartphones from a luxury carried by corporate road warriors into an everyday tool for the masses—combining the functions of a BlackBerry and an iPod—Apple could soon see a new growth tear,” Burrows reports.
“If Apple’s goal of selling 10 million iPhones by the end of 2008 seemed ambitious to some back in January when Jobs first unwrapped his new baby, few doubt it now. Wall Street speculation has gone from how much market share it can steal, to how much it can expand the overall smartphone market,” Burrows reports.
“Piper Jaffray Cos. (PJC) analyst Gene Munster thinks Apple could sell more than 40 million iPhones in 2009—enough to lift revenues more than 30% that year, and earnings by 40%,” Burrows reports. “Still, Apple will need to execute flawlessly. In units built and shipped, the iPhone launch will dwarf anything Apple has attempted. It plans to have 3 million iPhones ready for sale on June 29, two sources say.”
Full article here.
[Thanks to MacDailyNews Readers “LinuxGuy and Mac Prodigal Son” and “Drunk Cheney” for the heads up.]
‘Wall Street speculation has gone from how much market share it can steal, to how much it can expand the overall smartphone market,” Burrows reports.”
This is the part the naysayers never seem to get. They assume that the smartphone segment of the market is static or nearly so. They are wrong. There are 2 ways to grow market share, in an established market. One is to steal market share from your competitors. ( PS3 vs Xbox360). The other way is to expand or disrupt the market itself, making your product desireable to those who never considered it before. (Wii)
It’s time once again to play SPOT THE ASTROTURFERS!!!
So many fake users every time an iPhone story hits!!! Who could forget the lovable “So Sorry Charlie”, who has been with us in so many guises before (first as “Worth Waiting for 2nd Gen”)
Folks, your attention please – If someone says anything like “I read this site all the time, and don’t get me wrong, but…”, then they are working for Microsoft and/or Motorola are professional FUD writers. Their tactics are easy to spot if you pay attention. Their messages have the same tone and style because they are not very bright. They try to take your side, and then freak you out a bit with their homespun wisdom and dire fears.
See how many you can spot today!!!
-c
And no-one mentions that the iPhone will also impact hugely on sales of Macs…
Sales of Macs alone could double. Looking forward to the day when Apple overtakes Microsoft in gross revenue. |’ll put money on it happening in fin year 2009.
Go Apple.
Spot on Chrissy!! You are so right. I always love those same folks when they try the “don’t get me wrong, I use Mac and PC and they’re both as good as each other..” line.
Idiots.
I want one. I want one.I want one.I want one.I want one.I want one. Getting my refund from the IRS soon ( I had to file an extension). Iphone or Credit Card. Awwww!
I want one.
Hey G-Man in B’ham
Is that BELLINGHAM? You have a hell of a drive down to Redmond every day, don’tcha?!
Don’t get me wrong, but I do believe you’re talking out of your Zune Hole.
I predict that SJ will anounce an iPhone/iPod accessory to blow away the bluetooth earphone. You will just have to stuff a fish in your ear so you can have it translate even Chinese web sites with wisdom, such as, “All of your iPhones are belong to us.”
Charlie,
I think you misunderstood the headline. Bigger iPhone means more popular, not physically larger.
Funniest thread I have read in a long time. Great stuff. Mac OS X is the new Windows.
” width=”19″ height=”19″ alt=”grin” style=”border:0;” /> iPhone home.
@ LinuxGuy and Mac Prodigal Son
Let’s not forget that Rev. 2 of the iPhone will turn into a bird and talk to you.
@ChrissyOne
Actually I thought “So Sorry Charlie” was joking. His first point was to complain about how bulky the iPhone was and how it would not fit in any pockets. And then he spends the rest of his comments listing all the devices he carries that make the iPhone functionality unecessary. They include a laptop, TWO iPods, a GPS receiver, oh, and a slim phone. haha.
Either he’s a comedian or a moron… and I like to give people the benefit of the doubt.
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Once again, Jobs has finessed the anylists.
If he had said: “We are going to sell 50 million phones!” Everyone would have concentrated on the number 50 million and not on the device itself.
By focusing attention on “dis-ing” the device, he got more talk about the device than the numbers. The best possible outcome!!!!
Yay Steve. Make me rich, please!
Hey ChrissyOne,
Pick on a real FUDer why don’t you!
First off, B’ham is short for BIRMINGHAM, ALABAMA.
Second, re-read what I wrote. I didn’t repeat any of the standard iPhone FUD. I only said the launch may not be as big as some people think, but the iPhone would be a HUGE HIT!
All I was trying to do was hold down expectations a little, and I get accoused of having a Z@#% Hole.
Z(&$ you, ChrissyOne! Go attack someone who actually used a PC to write their post.
@ G-Man in B’ham
Mea culp, mon ami!!! Forgive my mad lynchings!!! I’ve clearly gone partially quacked!!!
But for the record, we ALL have a Zune Hole. ;P
-c
@ macius
I’ve read variations of that same post at least 6 times on this board alone. If he’s a joker, he’s a tenacious one!!!
Hey ChrissyOne
Those losers have no idea just how transparent they are, we can spot them a mile away, especially when “So Sorry Charlie” says the same thing in the same format EVERY time. Truly pathetic isn’t it? I just shake my head and pass over it, what a waste of space.
ChrissyOne: I never could get the hang of Thursdays……
“I thought we were made to lie down, or put a bag over our heads? Will that help?”
Despondent Zune Buyer, “No.”
Bellingham Washington?
I lived there for a couple of years many moons ago!
Worked at Uniflite and Mt. Baker Plywood. Lived on Jay Street, Grant Street and Euclid Drive (near lake Whatcom). Climbed a lot in the North Cascades.
Great town. How is it these days?
BTW: I vote that So Solly Cholly is a moron.
The whole frigging point of the iPhone is that it combines a slew of devices into one unit. Not only will they actually work together, but it’s actually possible to USE them.
90% of my phone’s features are a complete waste, since they’re either impossible to find, impossible to use or BOTH! Granted, the camera sux, but who uses their phone camera for anything serious. I use mine when I see interesting things that I want to remember… furniture, light and plumbing fixtures, etc.
Wow, there really is an imagination deficit around here!
Sorry, I’ve found it a bit difficult to get a grip on the day. I can’t find my towel.
Alabama?
How many teeth you got?
@ Mr. Reeee
Don’t get to the north end much, I live in the Undying West, which is now forgotten. I used to pass through on my way to the wastes of the Angband, but since the witch king started his war the path has been difficult. I’m afraid they won’t let me back in (especially considering how much I drink when in the company of Canadians).
“How many teeth you got?”
Be nice.
ChrissyOne: Don’t Panic
“Written in large, friendly letters…….”
“If Apple’s goal of selling 10 million iPhones by the end of 2008 seemed ambitious…”
FINALLY someone in the press got the quantity correct – 10Mil BY 2008, not 10Mil IN 2008.