JosephKr

Best Buy to Sell iPhones: The Symbiosis Grows

Oh yes, forgot: those 60 million apps will turn into 300 million plus apps by the end of the year, if not more.
This is like a juggernaut that just knows no limits and keeps getting stronger and stronger and stronger......

Best Buy to Sell iPhones: The Symbiosis Grows

Well, I predicted that Apple's stock would close first at $180 by Monday and subsequently by today. It hit $180 in the mid-afternoon today and then retreated but still closed strongly.
Now let's look at the possibility of Best Buy numbers:
If Best Buy just rolls the iPhone into the existing 970 US stores (they have another 400 or so elsewhere), and sels only 10 per week per store, then for the remaining 18 or so weeks between Sept 1 and the end of the year, that's another mere 174,600 phones. At a subsidy of only $350 per phone (go the low side on this), that's a mere $61,110,000 added to Apple's bottom line.
Now, does anyone in their right mind expect Best Buy to average only 10 phones per store per week?!
Let;s try more like 10 phones per store per DAY.
That turns the cash into $414,190,000 for Apple's bottom line.
So now you see why this move makes eminent sense. And those numbers only take into account the September to December period, including (let's not forget), the holiday selling season!
So now you know what to expect just from that little move.
So....do you think the stock is going to sit at $179 and change for long?