10 September 2013

The Pundits Were Wrong! [update]

No other way to say it. A $99 iPhone!!!!! Exactly what the pundits said wouldn't, couldn't, and shouldn't happen. I'm happy with a flip phone, since I only use the damn thing to make phone calls (novel idea, what?), but an iPhone under a C-note will either make Apple or send it's share into the Styx. As I type, the share has nose dived. On a percentage basis, not much of course, but Mr. Market (i.e., hedgies) is clearly not happy.

... and it didn't happen, it turns out. here Over $700 retail in China? Kind of hard to see the point. Puzzling.

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