The news of a 33 percent drop in the iPhone's price was sandwiched between the unveiling of the new iPod Touch and buy iphone discount feelings without performance by British singer KT Tunstall, almost a throwaway piece of the keynote speech on a day that saw Apple unveil new iPods in every category it occupies.
The iPhone shop considered one cut certainly was aggressive, and could perhaps convince some who were sitting on the sidelines to jump on board with Apple.
However, it does raise the question of whether Apple needed to stimulate demand for perhaps the most hyped gadget in history by reducing the price so drastically so soon after its release.
In fairness, iPhone demand seems relatively strong. On Wednesday, Jobs renewed Apple's pledge that it will have sold 1 million iPhones by the time the current fiscal quarter ends later this month, clothing sale loved life coupon ten noted that the customer satisfaction reports Apple has seen rated source iPhone higher than any product Apple has ever shipped.
And the buy iphone discount feelings without was the best-selling handset among smart phones and feature phones sold to U. But iSuppli estimated that onlyiPhones were sold during the entire month of July. Apple reported sellingiPhones in just the first 30 hours the device was on sale in June. Of course, there's always going to be an initial drop-off in sales of a product with as much prelaunch buzz as the iPhone, but a price cut that steep coming so soon after the first iPhone hit the streets is making some analysts raise their eyebrows.
Apple did not seeing clothing girls sale respond to a request for comment on why the company chose to make the pricing move, but Jobs put a holiday spin clothing sale loved life the price cut. We want to put iPhones in a lot of stockings this holiday season," Jobs said.
Roger Kay, president of Endpoint Technologies Associates, wasn't so sure Apple's primary goal was to make the holiday shopping experience a little lighter on the wallet.
My clothing sale loved life suspicion is that they aren't getting the volume," Kay said. One source of confusion surrounding the iPhone and its sales could lie in how the numbers are calculated. Estimates vary depending on what more info in the process the tally is made.
The market research firm actually thinks Apple is going to sell 4. Piper Jaffray's Gene Munster issued a research note on Tuesday, before the news of the price cut, estimating that Apple is on pace to sell aboutiPhones during the quarter. Buy iphone discount feelings without bottom line: Apple is investing iPhone profit dollars over the next few quarters in order to be a legitimate player in the phone market," Munster wrote Buy iphone discount feelings without after Apple's announcements.
The price cut will come at a cost to Apple's overall trend discounts hundreds. Piper Jaffray now estimates that Apple's gross margins could fall to as much as 27 percent in a worst case scenario, four percentage points off their current estimate for this current fiscal year.
That might have been what Apple investors were worried about as they bailed out of the stock Wednesday following the announcement. Apple's stock started going down at around 10 a. PDT in the classic "sell on the news" strategy, buy iphone discount feelings without fell precipitously after news of the iPhone price cut surfaced, to close down 5 percent.
Still, the stock was worth more at the end of Wednesday than it was last Wednesday. It's not at all clear from looking at the estimates buy iphone discount feelings without iPhone shipments whether the price cuts were needed to stimulate demand.
Piper Jaffray's checks of Apple stores estimated that Apple sold several more iPhones per store in August during the height of the back-to-school selling season than it did in July. But it's likely that the price cuts will stimulate demand, regardless of whether Apple was motivated by the need to jumpstart sales or the desire to reach out beyond its core group of early adopters. Be respectful, keep it clothing sale loved life and stay on topic.
We delete comments that violate our policywhich we encourage you to read. Discussion threads can be closed at any time at our discretion. Don't show this again. Coronavirus: Which mask? Tom Krazit. Apple's decision to slash the price of the iPhone was heartening, confusing and troubling to the company's many followers Wednesday.
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