Apple Stocks Drop After iPhone Launch
The iPhone launch on Friday didn’t go quite as well as Apple had hoped. Several users had trouble activating their phones including a handful of users who were not able to transfer their phone numbers when activating their iPhone. It seems that the iPhone hype may have been short lived. The device costs just over $600 with tax (for the 8GB version). You would think that for $600 Apple could have worked out a few more of these bugs before taking the iPhone to consumers.
Regardless, the phone has been under a great deal of scrutiny for several months now. Many people doubt it’s additional functions will be worth the additional pricetag required. Launch errors aren’t anything new though. With a little work Apple should be able to sort out the inconsistancies and activation bugs. After that is taken care of, it will be easier to decide if the iPhone is really worth the praise it has been given by the press.
I don’t plan to buy one personally. I already have an iPod and 8GB just won’t cut it for me music-wise. I also already have a cell phone. Ironically I also already have a computer. Sure it might be nice to be able to check email and watch YouTube videos while on the go, however I am yet to be convinced that those conveniences are worth $600. Maybe I just need to try the iPhone for myself, but, I’m not generally an easy sell on brand new items.
Apple’s stock dropped from $122.04 per share on Friday to $121.26. That’s only a .64% drop, but, it will be interesting to see which way things go during the rest of the week.

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