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Why Apple cut 200 bucks off the phone?


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#1 traderpaul

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Posted 10 September 2007 - 10:07 AM

There is a rumor that the Chinese copy the phone at half the cost and does more.....
"Inflation is taking place now. Prices may not appear to be rising because they are making packaging smaller. "— Rickoshay

#2 securelstmile

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Posted 10 September 2007 - 11:51 AM

The street.com is reporting that a 3g iphone is in the works. This makes more sense as a reason for a price cut. We have an island reversal today on apple if today's gap holds, similar to the one at the bottom around 111.
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#3 phineas_gage

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Posted 10 September 2007 - 01:24 PM

here's another take on their sales run rate:
http://www.alleyinsi...s-aapl-i-1.html

#4 securelstmile

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Posted 10 September 2007 - 01:32 PM

The gap looks like it will hold. I think with that technical consideration out of the way we have another island reversal. I seem to remember reading about stocks that see strings of island reversals.
The harder I work, the luckier I get.

#5 phineas_gage

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Posted 10 September 2007 - 08:03 PM

TraderPaul,

Nice heads up on the knockoff story. Bloomberg provides the meat to the story: http://www.bloomberg...6...&refer=home

Best,

PG