Wednesday, June 16, 2010
An Apple a day keeps Verizon at bay
I stopped in an Apple store yesterday to see the new iPad but more to observe the customer interest this device. The iPad had more heft than I expected and an avid reader may quickly tire of holding the 1.5 lb iPad for an hour or more at a time. Still there were a ton of people perusing the iPad and Apple has sold a million of them to date and interest does seem to span a broad demographic so sales may be better than expected. Add in Apple's new iPhone 4 which people are burning the phone and internet lines to pre-order and it looks like Apple has two big potential blockbuster products on its hands with the only caveat being poor AT&T (when compared to Verizon) wireless coverage. This is not yet a problem yet for the iPad since the 3G version has not yet been introduced, but will soon be. Being joined at the hip with AT&T puts some serious drag on iPad and iPhone sales but when my retired friends are drooling over their new iPhones and talking about buying an iPad for themselves it will no drag enough to prevent Apple from having a banner year especially when the 3G version of the iPad is introduced tot he market. Apple looks like good buy right now for those who need to diversify into technology stock with good potential growth.
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