The market still fails to grasp the significance of this event, but they WILL understand it after the launch, and after the demos and announcements. It will be all over the media.
I firmly believe this is going to have a material impact on the stock in a big way, as projections for iPhone and touch sales will be ramped up now that the Street begins to understand how large the addressable market for the devices really are, not to mention sees for itself the massive interest from large major software development houses in the platform.
It will also see the potential for revenues from software sales through iTunes, which I am sure will be the sole conduit for purchasing and installing applications.
The launch may have been delayed to allow one or two developers to finish their demo products of for the launch.. maybe Lotus Notes, or Exchange, or whatever… needed a bit more work before they could be shown and that’s why the push-back was so last-minute, because they hoped to get the m finished in time but ultimately couldn’t quite do it.
This is huge. This is about 20-30M iPhones/iPod touch owners for application developers to sell applications to. Massive - simply MASSIVE addressable market. One of the biggest things to ever happen at Apple, and basically it has been totally overlooked not just by the Street, but even by most of the Apple usuals.
This is bigger than going from OS9 to OS X of PPC to Intel.
And nobody gets it.
Amazing. Morons.