This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Jobs Puts 'Antennagate' in Perspective

Steve Jobs did a great job of putting "antennagate" into proper perspective. As we officially put this in the rear view mirror I have three parting shots:

Traditional Media Outlets Duped

The wild west of the blogosphere had a few isolated reports of iPhone 4 antenna issues and then Consumer Reports released a suspect report that was contrary to majority experience and big media everywhere jumped on board. False perception overtook reality.

Kudos to Jobs for putting the small minority in its place. Big media outlets should have done a better job of filtering this news for their customers.

Actual statistics show 0.55% of iPhone 4 users have called AppleCare to complain about antenna issues and only 1.7% of buyers have returned the phone. The media created a crisis that did not exist as I explained in this week's CNBC interview.

iPhone 4 Sales May Hit 20 Million Units For Quarter

Antennagate will not hinder sales at all. On July 30, 17 new countries receive the phone and later this fall another 60 countries will be on line. The big question is how will Apple meet the demand?

In the U.S., consumers still wait two to three weeks before getting their phone's. The iPhone 4 had the largest sales opening of any smartphone in tech history and has already sold over 3 million units. The current quarter promises to be Apple's first to crack the 10 million units sold threshold.

International sales could propel the holiday quarter to crack the 15 million units sold threshold. And if Verizon (VZ - Get Report) get's the iPhone in 2011, Apple could have a 20 million iPhone unit quarter. Do you think the stock will remain at the $250 level if Apple sell's 20 million iPhone's in a single quarter?

Future sales of the iPhone alone, not taking into account the success of the Mac and iPad lineup, will push the stock toward our $500 a share forecast.

Free Bumper Promotion Inconsequential to Apple's Bottom Line

This is when $45 billion of cash comes in handy. The company is so profitable because the executive/engineering team is so good at what they do.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
GOOG $540.11 0.00%
HPQ $34.76 0.00%
MSFT $46.90 0.00%
VZ $49.61 0.00%
AAPL $132.54 0.00%

Markets

DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs