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  • Out of the Money - Midday Fast Money (8/12/08) [View article]
    Apple is way undervalued, no one is seriously accounting for the iPhone revenue that has already been booked, let alone the run rate they are hitting (with lines still at every outlet, and 22 more countries to come online very soon). Also, new product and revisions in the pipeline in time for Christmas.

    It will be two years from now before all the money is accounted for from the 3 million iPhone 3Gs sold this month. But that money is Apple's to spend (they already have 20 billion in cash) in the meantime.
    Aug 14 21:37 pm |Rating: 0 0
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