Tuesday, September 11, 2007

iPhones in the Bargain Bin

The big technology news of last week was the iPhone price reduction from $600 to $400 (plus tax). Pundits were crawling out of the woodwork to voice their opinion. Negative sentiment drove Apple's stock price down a bit. Here is my view of what it means.

The iPhone is worth $600. We know that because almost a million of America's brightest and best were willing to pay that price for for it. Now you can own it for $400. What a bargain!

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