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Jobs repeals law of supply and demand
September 6, 2007
Reality distortion accomplished, Steve Jobs has moved on to repeal the law of
supply and demand. The iPhone is selling so well that…Apple has cut its price by $200. As reported in the
Wall Street Journal, reality-based analyst Toni Sacconaghi at
Sanford Bernstein said of the price cut, "It can't be a bullish signal about iPhone volumes." Investors seem to agree, and Apple shares closed off 5% yesterday. But at least one analyst remains comfortably ensconced within the reality-distortion field. As reported on
MarketWatch, Gene Munster of
Piper Jaffray said, “They [investors] are reading this the wrong way. Apple's making a statement that they want to be big in the mobile market."
Posted by Rick Nelson on September 6, 2007 | Comments (0)
