RSS
The iPhone effect.
Ok, I promise this will be the last post about the iPhone today.
TechCrunch notes the effect of the iPhone introduction on financial markets that were clearly expecting it:
In his 9 am keynote at MacWorld in San Francisco this morning, Jobs announced the new iPhone cell phone. From the description in appears to be a game changing device, and the public markets seem to agree. As of the time of this writing, Apple stock is up over 7% for the day. Competitor Research in Motion (Blackberry) is down over 6%, wiping $2 billion dollars in market cap off the table. Palm, maker of the Treo, is also down, nearly 6%.
Powered by Bleezer