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IPhone - Believe the Hype?
The highly anticipated IPhone will soon be in the hands of eager consumers by the end of this month, officially June 29th 2007. It’s ironic that in my last class to finish my Bachelor’s of Commerce degree, Strategy and Competition, the professor was talking about Apple and asking how they might diversify themselves. He asked me what I thought and with all eyes on me, I said they would probably enter the cell phone market, some people laughed at me and I justified my stance, this was in July. Come January my prediction became reality, too bad I wasn’t smart enough to invest in Apple stock; I’m secretly hoping the IPhone will be a dud upon release, stock prices will drop and I can buy in. Apple’s stock has jumped over 30% since the announcement of the IPhone in January. Why?
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