Technology
Bernstein, who makes a market in Apple and whose firm or its affiliates have investment discretion for more than 1% of outstanding Apple stock, added that the device will have "negligible" adoption by businesses.
Because of the fervor around the device, Stice says he wouldn't be surprised to see a Sony (SNE) PlayStation 3-type line snaking around Cingular and Apple stores when the iPhone hits shelves this summer. The iPhone will launch in Europe in the fourth calendar quarter of this year, and in Asia in 2008, Jobs said Tuesday. Apple reports its first quarter results on Jan. 17.TheStreet Premium Services
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note |
|
|---|---|---|---|---|
| 12,419.86 | 1,313.32 | 2,837.36 | 16.25 |
Oil *
103.00
|
|
DOWN
160.83 |
DOWN
19.10 |
DOWN
33.63 |
DOWN
1.06 |
10 Yr
1.62%
SPDR Gold
151.91
|
|
-1.28%
|
-1.43%
|
-1.17%
|
-6.12%
|
Data delayed 20 minutes |
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