The Apple 'news' wasn't apple news at all, it was purely based on economic factors. Apple has about 22 B in cash.
Also, the RIM miss conference call featured company execs whining that they can't compete with $199 iPhone. Getting the iPhone over the blackberry at the same contract costs or less, BTW, is a no-brainer. There is no evidence to support slowdown in iPhone sales, that was pure speculation. They cut memory orders, not iPhone orders. There is probably a new model coming with increased memory, or perhaps a newer memory chip from another subcontractor with less current draw, smaller size, etc...
Monday Options Update: POT, XLF, NCC, SOV, GD, AAPL, RIMM, C, BGG [View article]
Also, the RIM miss conference call featured company execs whining that they can't compete with $199 iPhone. Getting the iPhone over the blackberry at the same contract costs or less, BTW, is a no-brainer. There is no evidence to support slowdown in iPhone sales, that was pure speculation. They cut memory orders, not iPhone orders. There is probably a new model coming with increased memory, or perhaps a newer memory chip from another subcontractor with less current draw, smaller size, etc...