JosephKr

The Google Phone: Blockbuster or Bust?

Just a couple of things:

1) Google touts open platform for all and then ties itself to an exclusive with fairly one tenth the coverage of its major competitor (in this case Apple), not counting unknown deals for other countries (where Apple is already well-established).

2) Apple has already sold 5 million iphones in Q3 and is well on track to exceed this in Q4, regardless of any perceived economic downturn whether domestically or abroad.

3) The current market instability will hopefully get resolved once Congress gets off its collective tuchuss and gives Messrs Paulsen and Bernanke what they need to restore investor confidence (and thanks to Mr. Buffett for his move today). at which point everyone who bought Apple between $120 and $130 is gonna be ecstatic with the results when the stock goes right back to $180 to $190 where it rightfully belongs (and beyond).