mike hough

iPhone Price Drop Is A Bad Sign

Your logic does not correspond with the facts. iPhone was already the best selling Smartphone outselling Blackberry and all other Smartphones in the first month sales (iSuppli survey). It is on target to beat Apple's sales estimates (Piper Jaffray survey conducted before the price reduction).

You cannot therefore claim "the phone is not selling the way they had hoped." Additionally you cannot claim "I believe this can be attributed to slowing consumer discretionary spending".

The does NOT mean that selling stock is a bad idea as the market often moves in an irrational way. But please do not make claims which fly in the face of reason. Give your claims some context as any responsible journalist should. Your readers deserve this.

Meanwhile I have sold some stock but, armed with the facts above, I am better prepared than I would be if I followed your article and concluded that Apple's iPhone was a failure. It clearly is not.

Your readers might also like to consider selling RIMM (Blackberry) and other Smartphone stocks which now have to compete with a much lower priced iPhone which was already outselling them all! They might also like to know that iPhone is already selling more than all Microsoft based phones combined even with your assumption that it is a 'failure'.