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If they sell 2 million of the $500 devices, Apple will have a new billion-dollar business. If they sell as they claim, 10 million, that is $5B per year added t
by patrickg-zill 19y ago
If they sell 2 million of the $500 devices, Apple will have a new billion-dollar business. If they sell as they claim, 10 million, that is $5B per year added to Apple revenue.
However I expect that Apple stock will not grow until Leopard ships, losing the Mac business in favor of the tough cell phone business would not be seen as a good tradeoff.
- fnord123 19y agoApple stock will not grow until Leopard ships? Their stock is up 100% over 1 year. It's up ~50% YTD.
- patrickg-zill 19y agoSorry for not being more clear. I mean, that since AAPL hit in the range of $120 after announcing the iPhone, they have plateaued. I think that Wall Street is waiting to see whether Apple can deliver a new product and keep things going on its other product lines without being distracted.
- sanj 19y agoI think it is more likely that Wall Street is waiting to see if the iPhone is a hit or a miss.