I think the only news that will drive aapl up from now on is data showing robust sales of iPHones following price cuts.
that and of course data showing that the economy is doing OK.
Last night I checked out the local Apple Store. It was packed like never before. I did see a few computers going out and maybe one or two iPhones.
A clerk reported that sales of the iPHone have been steady with no particular increase after price cut.
I think it will take a few weeks for everyone to figure out that the iPHone they always wanted is now cheaper.
I checked out the ATT store in the same mall. they have nor received any iPHones for a month. This was strange and the clerk was not sure why and he could not believe it. He said people are asking about it every day.
I think the price cut will not boost sales that much but rather keep them steady at about 300K a month through end of Oct. Nov. we should see an up tick with Leopard release and extra features along with some improved iPhone.








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