Marek Fuchs
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Let The Business Press Maven throttle his mental motor down to lose speed so I can take this all in, even try to make sense of it -- though let's not lose ourselves to crazy ambitions. But when something starts with Apple(AAPL Quote - Cramer on AAPL - Stock Picks) and the iPhone and features a hair-pulling fight between analysts in the same firm -- well, we owe it to ourselves (and those hair-tugging analysts, if not all those misguided business reports) to at least give it a whirl. Here's where we stand. The iPhone came out and we essentially read of nothing but shoppers camping out overnight. Then we got a few days of the most divergent, unsubstantiated sales predictions since -- well, there is no "since." And then Tuesday, a-walkin' through our door, itching for another fight, we got this: Apple hit another all-time high after the business media began to fixate on a late-Monday call by a J.P. Morgan analyst that Apple was going to release lower-priced iPhones soon enough. To me, the analyst seemed to be using thin sourcing to report something that was pretty obviously going to happen eventually. He mentioned a patent filing, which can mean something between absolutely nothing and a lot. And he mentioned unnamed sources: Again, between absolutely nothing and a lot. Of course, anyone who knows anything about this obscure little product called the iPod probably realizes that Apple has been planning for the possibility of different price points on the iPhone all along. But as far as the investor who wants to act on something better than a hunch, though, the correct answer to the question of what is going to happen on this low-priced product line this year is, who knows?
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