iPhone is Selling!

I own Apple both in my personal portfolio, and the portfolio I manage. But I definitely had my doubts as to how many people would actually want to spend $499 to buy a phone. And I’ve wondered if Apple stock will take a break now that we’ve finally reached the release date.

Well, a friend of mine went to the Apple store today to get her computer fixed, and said it was mobbed like a rock concert. Four hour lines to sign up for iPhone service. Will be interesting to follow Apple stock this quarter.

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