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 Send to email | That 3G iPhone Not $199 For Everyone; Bernstein Hikes Apple Estimates in TAAPL |  By Silicon
el 01-Jul-2008 |
iphone-jack-johnson.jpg: Paste this image in your site, Myspace, Facebook, Ebay copy this code...
 New details today on Apple's (AAPL) iPhone pricing and U.S. launch, as well as a bullish report from Bernstein's Toni Sacconaghi, once an iPhone skeptic.
The iPhone 3G will go on sale at AT&T stores beginning at 8 a.m. local time on Friday, July 11 -- meaning anyone who wants to wait in line this time will probably be there overnight. (Not sure when Apple stores will open that day.)
That $199 price tag? Not for everyone, AT&T said today. We've known for a while that only "qualified" customers will get the lowest subsidized rates. Those include new AT&T subscribers, previous iPhone buyers, or AT&T customers eligible for an upgrade discount.
What we didn't know: How much AT&T will charge subscribers who don't qualify: $399 for an 8-gigabyte iPhone and $499 for a 16-gig model -- $200 more. "In the future," AT&T will also offer a no-contract option for $599 (8-gig) and $699 (16-gig). These figures lend credibility to analysts' estimates that AT&T will be subsidizing the phones around $300 -- and AT&T's warning on June 9 that those subsidies will hit profits.
Monthly service fees begin at $70 and range up to $130. AT&T (T) also does a nice job screwing its customers by not offering any texting plans between $5/month (200 messages) and $15/month (1500 messages). (The good news: We expect a handful of iPhone instant messaging apps to reduce reliance on overpriced text messages -- unlimited Internet access is included in all iPhone plans.)
Meanwhile, good news for investors: Bernstein's Toni Sacconaghi bumped up his EPS estimate for Apple's fiscal 2008 today to $5.27 from $5.17, and he raised his guess for fiscal 2009 to $6.52 from $6.26. (Both are above consensus, which is $5.20 for this year and $6.36 for next year.) Sacconaghi now thinks Apple will sell 11 million iPhones in calendar '08, up from his February guess of 7.9 million. (Via Barron's.) Apple shares are up 1.5% today to $170.00.
See Also:
Will Apple Sweeten The iPhone Deal At The Last Minute Again?
'Unprecedented Pent-Up Demand' For Apple iPhone 3G
Apple Orders Lots More iPhones; More iPods, Macs
Apple's 3G iPhone: Cheaper For You To Buy, Cheaper For Apple To Build
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| Bernstein: Get Ready For Stock Market Plunge | |
From Clusterstock:
Merrill's strategist lays out the stock market's real problem: It's still fantastically expensive. Pay no attention to those rosy earnings estimates. Analysts have been wrong before, and they'll be wrong again.
* Are Stocks Cheap Yet? Unfortunately, No* Okay, Bul [..] Read complete article | | Published 27-Sep-2008 by Silicon in General
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| Nokia E71 and E66 Demos go up Temporarily; We?ve Got Good News |  iPhone iPhone 3G iPhone AppStore iPhone Apps iPhone 3G video calling iPhone iPhone Apple Apple iPhone. Oh sorry, that’s not until 1pm EST. In the meantime, Nokia fans anxiously awaiting new entries into the business-oriented Eseries lineup will be happy to learn of Nokia’s latest little slip up. For a short while yesterday, tutorials went [...] [..] Read complete article | | Published 09-Jun-2008 by Zach Epstein in HandsetsNokiaE66E71leak
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Thank goodness for Reuters, which cut Bernstein analyst Jeff Lindsay's 310-page (!) report, "U.S. Internet: The End of the Beginning," into 322 words. Here it is in 32:
Google ( [..] 
Taking a back seat to all the fuss about the price of Apple's 3G iPhone and the slick iPhone apps platform: The notion that the iPhone 2.0 will help Apple elbow its way into corpo [..] 
