APPLE IPHONE AND THE IRRATIONAL MARKET

Files under General | Jun 22nd

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Forbes reports with the same irrational logic of the market!

Apple’s ( AAPL – news – people ) new iPhone 3G S is selling like hotcakes. Since Friday, consumers snapped up over a million units of the new model, which are being sold in the U.S. and seven other countries.

Shares were down over 1%.

We need better financial journalism, that’s for sure.



2 Responses to “APPLE IPHONE AND THE IRRATIONAL MARKET”

  1. I think the market was reacting today to news that Steve Job had his liver removed AND the iphone numbers. So it’s a bit mixed.

  2. Javier says:

    There’s no jounalism there. Two known facts put one after the other.

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