iPhone Numbers Low, Apple Shares Slump

iPhone Numbers Low, Apple Shares Slump

$7,000,000,000.  Can you guess what in the wonderful world of IT that number refers to? 

If you guessed the weekly allowance that Bill Gates gives his children, you’re probably close, but not quite on target.

It is actually the amount of market value that Apple declined on news that iPhone activations were far behind the expected sales numbers.
“AT&T — the iPhone's exclusive carrier — said it activated 146,000 iPhones on June 29 and 30, a number that disappointed investors following some analyst forecasts that Apple would sell 500,000 or more iPhones in its first weekend.”
Of course there were early activation issues, so it is possible that Apple/AT&T will close that gap in the near future.
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another hard lesson for investors, Technology is like fashion. Great "wow factor" but only few could afford it...

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