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Superplastic drops The Legend Of Malone - Superplastic has always been about mixing vinyl, pop art, and music. So the release of The Legend Of Malone really doesn't come as a huge surprise. They'v...1 year ago
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Framed - View this post on Instagram A post shared by Lloyd Kahn (@lloyd.kahn) Lloyd Kahn’s Instagram alerted me to a delightful set of models built by University o...3 years ago
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Casey Jones figurine - Casey Jones figurine by Wetworks Customs. *Buy Casey Jones toys at Amazon.
11 years ago -
Domesticated robots are at our doorstep ready to serve - PhD student Shaukat Asidi, Mary Anne Williams and PR2. 'Think of your most tedious household cleaning task. Now think about never having to do it again,''...
12 years ago -
A Mother's Love - One afternoon, a couple was traveling on by car when at a far distance they saw a woman in the middle of the road, waving frantically. The wife told her ...
13 years ago -
Androids attack: Google Nexus S to hit Australia - The second Google-branded smartphone is about to hit Australia as analysts predict the search giant's mobile platform will surpass iPhone sales in Aust...
14 years ago -
So...uhh.. good news everybody! - I'm Pregnant! 16 Weeks along so far and very excited. Sorry I've been AWOL, but didn't know how to post without talking about it, and didn't want friends a...
14 years ago -
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The Idea Of South - If you live in Sydney and, in addition to this computer, you are in possession of two radios, then this Sunday you're in for a treat... At exactly 10:30 pm...15 years ago
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Lego Activism.... - E.ON’s replica of the Kingsnorth coal-fired power station has been occupied by one inch tall climate change campaigners. The six campaigners appeared at th...16 years ago
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Finger licking good ? - HAYDEN, Idaho (AP) — A man who believed he bore the "mark of the beast" used a circular saw to cut off one hand, then he cooked it in the microwave and c...17 years ago
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Judging by today’s selloff, I think potential customers are starting to realize how expensive the iPhone will be. If you sign the mid-range $99.99/mo service plan after purchasing the 8GB iPhone model, that alone will set you back $3000 during the two-year contract (without any accessories)!
Here’s a few other potential hurdles that could prevent the iPhone from exceeding its already lofty expectations:
* You must be an AT&T customer to use the iPhone. With a market share of 20%, that means 80% of wireless customers must cancel their current contracts to sign with AT&T. Being a Sprint customer, I would have to pay a $175 cancellation on top of the $3000 price tag for the iPhone. AT&T’s exclusive contract runs through 2009.
* Only 4 & 8GB of hard drive space? My tiny video iPod holds 30 GB for less than $200.
* Recent surveys have shown that the majority of IT departments will not even consider the iPhone due to its PC incompatibilities & exclusive AT&T contract. That will dampen business spending & all but eliminate demand for the higher-tier contracts.
This is the ultimate “sell the news” scenario. On Jan 9th 2007, Steve Jobs announced the iPhone at the Macworld Conference & Expo. The stock has since been on fire rising 50% to $125, adding $30 billion to the company's market capitalization. Will the iPhone really hold that much value for Apple? This huge runup comes after a fantastic finish to 2006 after Apple’s stock bottomed out at $50 in October. Thus, nearly everyone holding Apple is sitting on huge gains.
Expect an Apple selloff on Friday when the iPhone is finally released. 3 similar mini-selloffs have occurred during this recent runup:
* June 26th: Apple announces 6 AT&T service plans for the iPhone. The stock drops 3% on investor concerns over the high prices.
* June 11th: Steve Jobs shows off the iPhone at Apple’s World Wide Developer's Conference. The stock falls 5% after investors saw no “surprises”.
* March 20th: Apple beats 4th quarter analyst earnings & revenue estimates. The stock falls on profit taking.
Apple’s recent success has created impossible expectations. With all the mega-hype already priced into the stock, just meeting expectations will create a selloff. I plan to sell tomorrow and buy back in a couple months. Longer-term investors need not worry because the future looks bright with Macs gaining market share & the iPods continuing their dominant foothold on the music industry.
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