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Start shorting Apple Computers now – iPhone the biggest flop of the decade with slow Internet connection and business unfriendly user interface
Reena Roy
Jun. 29, 2007
Apple Computers have reached the time when shorting the stock makes perfect sense. The market sentiment favors much lower price as iPhone users start expressing their frustration and finally Steve Jobs found that everything in the world is not like selling toys. The business world needs cost and revenue optimization – not toys that are business unfriendly and are plagued with lower quality wireless phone service.
It was a great move by AT&T. But even AT&T acknowledges that beyond those initial hypes like we used to see in Windows (Microsoft) new releases at the end of the bull market in nineties, iPhone has a very limited life cycle. Today when people were lining up to get the first batch of iPhones, AT&T was advertising the Blackberry in their TV commercial.
Apple’s stock can fall below $60 if the iPhone is slightly disappointing. It is a long term short along with other cell phone device makers.
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