Thanks for listening, Apple: iPhone (cont.)
I guess you have to be careful what you wish for. My buddies at Engadget report
on a quote from the Q3 earnings call I listened to yesterday from CFO Peter Oppenheimer:
"As regards cell phones, we don't think that the phones that are available today make the best music players. We think the iPod is. But over time, that is likely to change. And we're not sitting around doing nothing."
Not a big surprise to the Apple following, but this is a considerably firm public statement regarding direction from management, which for Apple, is rare.
On a side note, Apple stock rallied in after hours trading, making for aboot a 13% gain in 2 days. Incidentally, I bought Apple stock at 60 and was a inch away from doubling down when it hit 50 a share. Had I been a more seasoned investor, I think I would have taken the plunge. At least its good to see that my fundamentals are inline. Next time!