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Jun 9 2008

Apple Launches 3G iPhone, but the Market reacts adversely

Bilal Hameed 

image-thumb8 Apple Launches 3G iPhone, but the Market reacts adversely

Steve Jobs has uncovered a 3G iPhone at the WWDC 2008 today. The new iPhone is a lot faster than the Edge version of the device. It would be rollout worldwide from 11th of July 2008. The device is not just faster but cheaper as well. The 8GB model now ships for just $199, whereas the 16GB model ships at $299. This has been the most important, yet anticipated announcement of WWDC 2008. You can see our live coverage of the event here.

However there were many things that were hyped but didn’t materialized. One such product was Mac fusion. Mac fusion was rumored to target the developers, but alas that has not been the case.

Today’s WWDC keynote was strange in a sense that the One Last Thing was really not a surprise any more for any one. Other than this it has lived upto its norms, since usually on the day of an Apple conference the Apple stock takes a sound beating. Today was no different and Apple share price has dropped around 4% and are now trading at $177.90. So Apple lost around $6 billion in market cap from the time Steve Jobs took to stage till the time he left it. But historical data predicts that now is a good time to buy some Apple stocks. They have sold a hell lot of iPhones and with the new 3G phone and world wide launch coming up, this trend is bound to accelerate.

image-thumb9 Apple Launches 3G iPhone, but the Market reacts adversely

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Comments
  1. A Strange Web Says:

    I suspect the market also didn’t like the new revenue deal with AT&T. Annuity subscription revenue is awfully attractive and Apple just gave it up to go global.

  2. James Graham Says:

    We sell Brand New/Unlocked 3G Apple iPhone 8GB and 16GB and here are some Brands/Pricelists of some products we have in stock for sales:

    3G Apple iPhone 8GB Cost US$350
    3G Apple iPhone 16GB Cost US$400
    2G Apple iPhone 4GB Cost us$200
    2G Apple iPhone 8GB Cost us$250
    2G Apple iPhone 16GB Cost us$300

    Nokia E50 Cell Phone…………$220usd
    Nokia E61 Cellular phone……..$240usd
    Nokia E61i Cell Phone………..$280usd
    Nokia E65 Cell Phone…………$340usd
    Nokia N95 Cell Phone…………$370usd
    Nokia N97 Cell Phone…………$400usd
    Nokia N99 Cell Phone…………$420usd
    Nokia E61i Cell Phone………..$300usd
    Nokia E70 Cellular phone……..$320usd
    Nokia E90 Cell Phone…………$420usd
    Nokia N70 Cellular phone……..$210usd
    Nokia N71 Cellular phone……..$230usd
    Nokia N72 Cell Phone…………$260usd
    Nokia N73 Cellular Phone……..$300usd
    Nokia N76 Cell Phone…………$330usd
    Nokia N80 Cellular phone……..$250usd
    Nokia N91 Cellular phone……..$280usd
    Nokia N93 Cell Phone………..$320usd
    Nokia N93i Cellular phone…….$360usd

    NOTE: Our season’s promo is here again…buy 5 and get 1 free…hurry offer last while stock last…

    If the product you are interested in buying is not listed on our list,please feel free to
    indicate,so we can sort them out for you..

    Best Regards
    Mr James Graham
    Sales/Advert Manager
    Phone #:+44 704 576 5447
    Email: mobileworldinc@windowslive.com

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