So, iDay is over and I promise this is the last iPhone post you'll see on Threeminds (well, at least for the next 24 hours).
The razzamatazz continued all day with reports of people lining up all across the US.
Let's look at the numbers ...
eBay is listing the 8GB model for sale between $710 and $910! And yet, if you look at product availability across the country, no stores are sold out of iPhones and every store has stock for sale on Saturday morning (unless Apple's availability calculator has gone on the blink). So, why would anyone buy it off of eBay at a $110 - $310 premium? Doesn't make any sense, right?
According to Jupiter Research:
"Apple's sales target of 10 million [its targeting a niche, high-end market after all] is modest compared with its established opposition in the media centric phone category: In just the last six months of 2006 -- not the 18 months that Apple is targeting -- Nokia sold 10 million N Series "multimedia computers" (i.e. media-centric smartphones)."
Apple says that the iPhone has the best battery life ...
Apple's stock traded in a relatively narrow range today and hasn't really moved much in the past five days ...
Meanwhile, Research in Motion, the maker of the rival Blackberry, had a phenomenal day on the market - the stock closed at an all-time high of $199.00, up $34.40 (+20.77%) and in after-market trading the price was last at $201.30!
So, Palm is the loser, Blackberry continues to be dominant, with Apple seemingly about to take a large chunk of the high-end smartphone market.
David Feldt
Strategists & Planners