free_LUNCH » Iphones http://www.vibhavagarwal.com/blog a BLOG by vibhav agarwal Thu, 14 Apr 2011 02:49:04 +0000 en hourly 1 http://wordpress.org/?v=3.1.1 Apple Releases new IPhone – 3GS http://www.vibhavagarwal.com/blog/2009/06/10/apple-releases-new-iphone-3gs/ http://www.vibhavagarwal.com/blog/2009/06/10/apple-releases-new-iphone-3gs/#comments Wed, 10 Jun 2009 00:39:06 +0000 Vibhav Agarwal http://vibhavagarwal.com/blog/2009/06/10/apple-releases-new-iphone-3gs/ Apple unveiled its newest and fastest iPhone yet, the 3GS. I am quite excited about the product as it a much superior product, by leaps and bounds, to other similar products in the market. The app store, iPhone’s greatest strength keeps is ahead of its rivals.

The pricing for the new iPhones are going to be:

  • iPhone 3G S will cost $199 (16GB) and $299 (32GB) for new and qualifying customers.
  • iPhone 3G will cost $99 (8GB) for new and qualifying customers.
  • The 16GB iPhone 3G will be available for $149 while supplies last.

While new customers will definitely be happy with the offering, the old customers will have a tough decision when its comes to their upgrading. AT&T, the quintessential monopolistic provider, has decided to squeeze the previous owners of their money.

Investors are expecting that the reduction in the price of the iphone (by $100) will result in a 100% increase in sales, as it did the last time around. How the stock market (stock ticker: AAPL) responded to the news is shown below:

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The market did respond favorably taking the stock to a respectable USD143.8. Volume traded shot up during the last hours of trading. But today the market did not respond well initially bringing the stock down to less than $141 but picked up back again. Let us see what effect the news from AT&T have on the stock in the days to come.

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