Apple: The Street Weighs In on the iPhone 3G
It’s time for a roundup of the Street’s views on Apple’s (AAPL) launch yesterday of the new “zippy” iPhone 3G. The most surprising news was the price tag: at $199, the phone will be half the price of the comparable model of the first edition of the phone. The good news is that this should drive more units, maybe a LOT more units.
The stumbling blocks are the fact that basically no phones will be sold between now and the launch of 3G on July 11, and the fact that the company will no longer get an ongoing slice of carrier service revenues. Still, in general it seems like the right move if Apple wants to make the iPhone a mainstream device. Here’s a run down on some of this morning’s Street commentary on the news: