“As Apple Inc. shares climbed to new all-time highs on Thursday, assessments of the outlook for the company’s iPhone ran the gamut from declaring it an outright hit to concerns about how anticipation over the device could impact Apple for the rest of the year,” Rex Crum reports for MarketWatch.
“‘Our primary focus is not on initial [iPhone] sales,’ said Tim Cook, Apple’s chief operating officer on a conference call discussing Apple’s results. ‘We’re focused on building a third great business for Apple over the long term alongside our Mac and iPod businesses. The rewards, we believe, are huge for Apple,'” Crum reports.
“And while some industry watchers said Apple didn’t quite meet up to expectations with the iPhone’s initial launch, the majority opinion was that Apple is on the right track with its newest product,” Crum reports. “‘270,000 iPhone shipments in the first 30 hours represent a very impressive feat,’ said Needham & Co. analyst John Lynch, who has a buy rating on Apple’s stock. ‘The enormous market opportunity will allow the Apple growth story to continue for the foreseeable future.'”
Full article here.
Lots of AAPL price hikes news today
Interesting! How much would the iPhone be in Canada? poor canadians….
http://digg.com/apple/So_Do_You_Still_Think_the_iPhone_is_Expensive
Lets see… Stock price down lots yesterday on news of not so good iPhone activations… then up today on news of good iPhone shipments… hmmm, yes, time for a story about something completely obvious to anyone with a brain.
hmmm… not so obvious how to spell my name though! =P
hey, stating the obvious is my schitck man, get yet own handle
Course, now it’s obvious that neither one of us can spell
yet = yer
> High expectations for the iPhone likely to create volatility in stock price
That’s a stupid prediction. I’d say going from mid $140’s to mid $130’s and then back to mid $140’s in a three-day period is already volatile. These analysts should stop predicting things that are already happening…
@ Obvious and @Capt. Obvious Big Brother
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it’s Obvious that the “Obvious family” can’t spell
I’m just oblivious about this ‘obvious’ stuff.
rmember a 10$ swing in a stock valued at nearly 150 is about the same as a 3.30$ swing in a stock worth $50. Not so huge.
@macbones 7% is 7% I want to know where you can increase the value of something you own by 7% in ONE day.
In Other News:
Water is WET!!!
@thereal,
i agree with you… “macbones” lives out of this world.
“High iPhone expectations likely to create volatility in Apple stock price”
And that would be totally expected and normal. Bottom line, Apple is a very good long term investment. Don’t do what I did and waste time and money waiting.