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July 2nd, 2007

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11:11 am - A good example of Irrational Exuberance

If you thought people who had to get their hands on the first model of the iPhone the moment they were released were a little crazy, that’s nothing compared to stock market investors.

Apple stock has increased 43% since the iPhone was announced on January 9 until its introduction last Friday – that translates to a value of 32 billion dollars.

Apple sold 525,000 iPhones this weekend, and with an average price of $549, that’s $288 million in sales.

But that’s sales only. Apple’s net income on sales last year was 10.3%, so their estimated profit on those iPhones will be $30 million.

Now, granted Apple has other products and profit centers, including computers, iPods, music sales, and battery replacement. But if those only increase at regular levels (or perhaps reduced ones, because of market saturation), Apple will need to sell 559 million more iPhones to be worth the increase in its stock.

That’s almost two iPhones for each man, woman, and child in the U.S.


(23 comments | Leave a comment)


[User Picture]
Date:July 2nd, 2007 08:11 pm (UTC)
Great MAKER that's an adorable gray kitten!

I'll pet him and pat him and stroke him and skritch him under the chin and rub his ears and tickle his tummy and devolve into babbling baby talk and hold him up to my ear so his purring can fill my very being....


Oh yes. Way overdue for some Kitty Therapy.
(Deleted comment)
[User Picture]
Date:July 2nd, 2007 09:54 pm (UTC)
But you see... such sites only make it worse, because it's not looking at photos of adorable kitties that I need. It's actual physical contact with a friendly kitty that would be therapeutic.

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