![]() |
Apple just launched its new 3g I-phone. It comes with plastic back, new edges, Iphone 2.0 firmware, and a SIM ejector in the box. The best part of the story is that the new I-Phone, unlike the old one, won’t cost you your entire paycheck. The 8GB version of the new I-phone sells for $199 while the 16GB sells for $299. Thats quite trim compared to the $600 price tag that the first I-phone carried when it first came out. I guess the competition with the new smartphones made apple realize that people had more than 1 cool phone to choose from. |
However, the release of the new Iphone did not help Apple’s stock which fell 4.03 points today down to 181.61. Investors quickly sold the stock after it had gained nearly 50% in the months leading up to this release.
I’d say at this point the apple stock is at a buy as these new I-phone are sure to sell well and inflate profits.





