iPad Sales Top 750,000?
Apple is set to preview iPhone OS 4 tomorrow, and we may hear a formal update to sales figures at the event.
Stock price is hovering about $241 today; if the figure is approaching 1 million units with backorders, then the stock will surely fly like a stuck pig to $300 -- if not higher.
AAPL's market cap is 218 billion, with a B.
There's no way a few hundred million extra profit (= a million ipads) would logically move the stock 25%, which is what you're suggesting. Maybe 2 points for every 10 million ipads sold - that's about the order of magnitude.
If you want to value it emotionally, that's fine -- just don't pretend that you're analyzing. There are other factors of course, but no need for the bubble mentality.
AAPL may get to 300, but not as a logical result of this line of thinking.
MacRumors has heard through a new but untested source that Apple has now sold over 750,000 iPads. Because of the untested nature of the source, this information is posted ....
So I guess I should call the editors to let them know Apple actually sold 3 million and they will post it here, on page 3 perhaps although the front page will carry a red, visible link to it?
Somehow this does not make sense to me except if I think of it from 'guerilla marketing' viewpoint. Even though it's a rumor site, there has to be some minimal qualification to the rumors, no?
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