JosephKr

iPhone Apps: One Month, 60 Million Downloads

I do agree that stating that Apps will become saturated is more or less like saying that if the oceans evaporate the air will become saturated with water vapor. There's about as much chance of that happening in either case as snowball in....well, you know.
Anyway, back to the important point here: Your intrepid blog contributor here went out on a collective limb and predicted that the stock would trade between $180 and $185 by the close Monday (today). We almost made it. The high was $176.50 towards the 2/3 mark of today's session. The stock settled up $4 and change, whcih still isn;t bad, but I admit that I missed the mark by sizable margin.
See? Someone who takes responsibility for being wrong.
However, if you take a closer look at the App store numbers and extrapolate the significance of 22 extra countries by August 22, one of them being Singapore with Southeast Asia's largest carrier being the provider, you'll find that aside from the incredibly huge number of dollars the phone sales will bring, it's probably a safe bet that the App store will be closer to the $1 billion mark for Apple within 2 quarters, much more quickly than a full year.
Meantime, let's reserve Tuesday and Wednesday for another "kick" at the $180-$185 cat. I think the stock will make it with room to spare.