Friday, June 18, 2010

the "OVERSOLD" iPhone 4 ~ Apple Inc. (Public, NASDAQ:AAPL)


 long from $7.30

LONG for the WEEKEND ... looking for a gap up and more "oversold" iPhone 4 news. iOwn.

p.s. congrats LAKE SHOW!!!


BUY ON THE DIP said...

nice close on AAPL!

7.65 + 0.75 (+10.87%)

BUY ON THE DIP said...

LOL, i'm still drunk.

of course , its the 280s.

BUY ON THE DIP said...

As reported by Bloomberg today, "The customer base for Cupertino, California-based Apple’s iPhone may top 100 million users next year, helped by the release next week of iPhone 4, says Morgan Stanley."

iP4 said...

AT&T and Apple have today confirmed massive pre-orders for the iPhone 4, reaching levels ten times those made for the iPhone 3GS -- just as confirmed this morning by Deutsche Telekom.

Apple’s statement claims 600,000 pre-orders.

“Yesterday Apple and its carrier partners took pre-orders for more than 600,000 of Apple's new iPhone 4. It was the largest number of pre-orders Apple has ever taken in a single day and was far higher than we anticipated, resulting in many order and approval system malfunctions,” the company said.

“Many customers were turned away or abandoned the process in frustration. We apologize to everyone who encountered difficulties, and hope that they will try again or visit an Apple or carrier store once the iPhone 4 is in stock.”

AT&T meanwhile has released the following statement on the matter, even as critics lambast the firm for its poor execution in terms of a faulty ordering system.

iPhone 4 pre-order sales yesterday were 10-times higher than the first day of pre-ordering for the iPhone 3G S last year. Consumers are clearly excited about iPhone 4, AT&T's more affordable data plans and our early upgrade pricing.

Given this unprecedented demand and our current expectations for our iPhone 4 inventory levels when the device is available June 24, we're suspending pre-ordering today in order to fulfill the orders we've already received.

The availability of additional inventory will determine if we can resume taking pre-orders.