Apple 3G iPhone Launch Date Frustrates Fans, Investors (Who Sell On The News)

From Clusterstock: As expected, Apple (AAPL) announced the 3G iPhone. As expected, Apple’s stock is selling off on the news.

One disappointing and unexpected piece of information is that the iPhone won’t be available until July 11, perhaps as a result of the production problems reported over the weekend. Apple is largely sold out of the previous iPhone, so this will likely create a month of dead sales. It will also frustrate those who have been waiting months for it.

On a positive note, the price cut (to $199) should rapidly accelerate unit sales. The “app” portion of today’s presentation also illustrates that the iPhone is well on the way to becoming a popular development platform, and, for platforms, market share is far more important than profit per unit. For the long-term, therefore, today’s Apple news was good.

See Also:
Full Notes on Today’s iPhone Announcements
Production Problems May Crimp 3G iPhone Sales

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at