KenC

Could iPhone Subsidies Be Apple’s Ticket to Mainstream USA?

This rumor was started by Scott Moritz. He is a well-known fudster, who has tried to drive down Apple sales and its stock price before. His goal is to get people to delay purchases, you know, the Osborne effect, in order to drive down the stock. He uses his relationship with TheStreet.com and Jim Cramer to accomplish his goal. Recall that he was the one that made up the story that Apple's goal was to sell 1 million iPhones on its first weekend of sales. Of course, we all know that to be garbage as Apple never shipped 1 million iPhones for first weekend distribution. Nevertheless Scott Moritz never explained nor apologized for his FUD.