Technology
Piper also estimated 866,000 Mac computers would be sold. Those numbers helped to buttress his aggressive price target of $211 for the stock in the coming 12 months.
So the iPhone is selling well. Lowering its price will certainly beef up Apple's market share in the mobile-handset market within six short months of its launch. And longer term, that will translate into more Apple revenue. But if Apple really wanted to unlock the true revenue potential of the iPhone, it would break its covenant with AT&T and allow any and all mobile-phone service providers to sell the iPhones to their customers at the new, attractive price.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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