“Apple Chief Executive Steve Jobs unveiled the iPhone 4 at the company’s developers conference on Monday. The devices can be ordered beginning June 15 and go on sale June 24 in the U.S. at $199 for a model with 16 gigabytes of storage and $299 for a 32-gigabyte model,” Crum reports. “Apple also cut the prices on its current iPhones, lowering the iPhone 3GS to $149 and $199 and the iPhone 3G to $99.”
“The new iPhone comes with more than 100 new features, with a video-calling function called FaceTime being the one that has garnered attention as an example of where smartphones are headed in the future,” Crum reports. “Keith Bachman, of BMO Capital Markets, said he believes FaceTime ‘is a game changer and must-have feature that could provide huge upgrade potential,’ as it works only on the iPhone 4. Bachman said that if even 20% of the approximate 50 million installed iPhone users upgrade to iPhone 4, Apple should meet his forecasts for 10.2 million iPhone sales in the September quarter and 12.2 million in the last three months of the year. Bachman maintained his outperform rating and $310-a-share price target on Apple’s stock.”
“Analyst Robert Cihra, of Caris & Co., raised his target price on Apple to $325 a share from $310 and left his buy rating unchanged,” Crum reports. “Cihra called the iPhone 4 ‘one of the three big iCatalysts’ for Apple, in addition to the ongoing growing demand for the iPad and what he sees as, ultimately, a CDMA iPhone for Verizon Wireless.”
Crum reports, “Shaw Wu, an analyst with Kaufman Bros., said that following the iPhone 4’s debut, he believes the response could be strong enough to exceed his own conservative forecasts for iPhone sales. Wu, who holds a buy rating and $320-a-share price target on Apple’s stock, currently estimates that Apple will sell 8.5 million iPhones in the June quarter, 37 million for this year and 43 million in 2011.”
Full article here.
Did you all hear Steve Jobs say that FaceTime will be on millions of devices … Not iPhones. He said devices using the FaceTime open standard. Could this include iPads, iPods, AppleTV, wireless house phones, …
Devices, think BIGGER!
What is Apple’s real stock value. What market will be taken over by the next “Just one more thing”?
The report says the iPhone 3G is $99. I thought they discontinued that model and will lower the 3GS to $99. Am I just lost?
VZ won’t get the iPhone until it goes LTE.
@MadMac
Yes the 3G price has been reduced at present and was available at $99.00 till they are no where to be found at present. 3GS will be $99.00 and will be available from June 24, 2010.
Dis sound confusing at first, but now you know
Nasdaq up, AAPL down. Is it the short sellers or what?
@ Jersey_Trader
My speculation is that iPhone 4 WILL BE the new AppleTV. Plug in an Apple dock to HDMI cable, download a new FrontRow app and your are ready to go with 720p HD video, apps, camera, music, etc.
@silverhawk
aapl reached it’s peak at 270. since then it’s started a new down trend.
Everyone is focusing on FaceTime, however it is bleeding edge. iMovie is a real game changer. The video camera is great, but being able to make quick, interesting videos is way ahead of the competition. I make simple movies in Mac iMovie and blow people away. The gyroscope will change games, making the iPhone the best mobile game platform. It will also be great for augmented reality and even productivity apps. No one is even paying attention to what will be great the day it comes out.
Hi HolyMackerel,
Why have GPS, compass, proximity detectors, speakers, … on a DRV? Apple can make a device that uses iOS with limited memory that is Internet linked to a BILLION DOLLAR SERVER FARM that can store and share the media copied by the $99 device that will share it with all your viewing devices (HDTV, iPhone, iPod, iPad, Mac or PC, …)
Use a small multi touch device or pad to control that cheep DVR device. I already use my iPhone to control my AppleTV. I need my iPhone when I leave the room or house.
(Sorry DVR not DRV.)
@ Jersey_Trader
At D8 Steve Jobs said the problem with AppleTV (and others) is the go-to-market strategy and set-top-box subsidies.
If we can carry our iPhones and dock them to the HD TV and get HD resolution video streaming and wireless purchases and a good GUI then this would be a good go-to-market strategy for millions of users who will be carrying an ‘AppleTV’ in their pocket.
Maybe one iPhone 4 on the couch will be able to control another iPhone 4 or iPad one that is docked?