Apple bobs in stock market as iPhone release nears: Snapvoip
VoIP IP Telephony @ http://snapvoip.blogspot.com
Bloomberg reports that;
Apple, based in Cupertino, California, announced the release date in three new advertisements posted on its Web site. Until now, Apple had only said the device would ship in late June.
The company shipped more than 10 million iPods in the latest quarter, a 24 percent surge from a year ago. Apple is seeking to parlay that popularity into sales for its phone, with a target of 10 million sold in 2008. Availability may be ``limited,'' which could build ``buzz'' for the product, J.P. Morgan Securities Inc. analyst Bill Shope said in a report today.
``Users may put off iPod purchases for the iPhone, but they may have to deal with a long wait,'' Shope said. He also said Apple will ``need to go beyond just buzz'' to justify the phone's price and two-year contract for consumers. JP Morgan is keeping its ``neutral'' rating on the shares, he said.
Shares of Apple rose $2.59, or 2.2 percent, at 10:23 a.m. New York time on the Nasdaq Stock Market. They had risen 40 percent this year before today's trading. "
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