26 Days to iPhone’s Blast Off!
06.04.07 - 10:53am
26 days and counting, till the much fabled release of the iPhone. This according to three new ads posted on the Apple website, new TV commercials and Tom Neumayr, an Apple spokesman.
Therefore it is official. Friday, June 29th will be the day of the iPhone. All the iPhone questions will then be answered - mainly the big one - can it live up to the hype?
Apple has promised that software upgrades will be available for the iPhone after it has been purchased, in order to stem off any potential disappointment in the phone. Executives in the company have said that the ability to upgrade the iPhone, already out in the field, will give it a significant advantage over other cellphones. Basically instead of buying a new phone you can simply add new software to make it better.
Building even bigger buzz for the phone is the cautious words of Bill Shope a JP Morgan analyst who wrote in a report that the iPhone has a “difficult production ramp” and therefore may have a limited supply available.
He wrote, “”In this case, it may be reasonable to conclude that limited availability will only heighten the buzz surrounding the product’s launch.”
In spite of the hype, Shope has put a “hold” on Apple’s stock due to worries about the price of the phone, which will sell for $499 for the 4GB iPhone and $599 for the 8GB iPhone. “In our view, Apple will need to go beyond just buzz to convince a large number of users to bear this expense,” Shope wrote.
News reports out of Asia indicate that Apple may have placed an order for an additional 5 million iPhones but Apple has declined to comment.
Apples stock has risen $2.33 to $120.73 in midday trading today due to the news of the iPhones imminent release.
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