AmTech was able to install an early release version of iPhone 2.0 software a day ahead of its official launch. The firm’s overall impression was positive, if not over the top:
Our key take-away is that version 2.0 software turns an iPhone into an even more useful device with a high degree of customisation (there are 500+ applications with what we believe will ultimately be thousands to choose from)…We noticed that these Apps do not take up much storage space. In our already pretty filled 8 GB iPhone, we were able to load 17 applications with room for plenty more.
Ironically, AmTech was most impressed by the ability to listen to…terrestrial radio:
Of note, we found AOL Radio impressive as it allows one to connect to internet radio. We found it somewhat surreal and cool to be able to listen to Alice 97.3, a popular Bay Area alternative radio station, on our iPhone.
AmTech reiterated BUY on Apple (AAPL), target price $220.
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