According to Bloomberg, Iphone expectations are far too high and are pushing Apple's value through the roof.
Apple, in its only public forecast, claims that its Iphone sales will be more than the Ipod and it will sell 10 million of the things next year including 200,000 of them in the first two days.
Shaw Wu of American Technology Research points out that the iPhone is not a simple sale as you have to get people to sign up for the service. He doubted that Apple could even get a couple of hundred thousand people processed in two days.
He is saying that if anyone has any Apple shares, now is a good time to get rid of them, before the Iphone bubble bursts.
Analysts don't expect the Iphone to have a significant effect on Apple's revenue this year or next, which means that shares cannot hold their current value.
On the side of optimism is Piper Jaffray analyst Gene Munster, who thinks that Apple will make its 200,000 first-day phone target, but Apple can only sell eight million in a year. Credit Suisse thinks that Job's Mob will sell 12.3 million phones in a year and reckons it could shift 2.5 million of them by September.
More here. µ
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