The price cuts Apple (AAPL) announced Monday on the MacBook and iPhone lines are "significant" and surprisingly aggressive, writes Piper Jaffray's Gene Munster in a note to clients issued after the WWDC keynote was over.
Historically, he writes, a 50% cut in iPhone pricing has increased demand twofold.
He's referring to the last year's cut to $199 from $399. That price reduction was actually accompanied by a tripling of global unit sales MORE
Philip Elmer-DeWitt - Jun 8, 2009 6:34 PM ET
This is the spot for our live coverage of Apple's (AAPL) World Wide Developers Conference.
The keynote started at 1 p.m EDT (10 a.m. PDT). All times below are EDT unless otherwise indicated.
3:05 And that's a wrap.
There is a new iPhone, coming June 19, about a month earlier than expected. There is a $99 iPhone, available now, which is not good news for Palm (PALM). There are new MacBook Pros and MORE
Philip Elmer-DeWitt - Jun 8, 2009 11:50 AM ET
How did Palm's (PALM) Pre do in its first weekend of sales?
In a report to clients issued Monday morning, RBC Capital's Mike Abramsky offers some numbers.
Based on his "channel checks" -- presumably a survey of Sprint (S) and Best Buy (BBY) retail stores -- Abramsky estimates that Palm sold somewhere between 45,000 and 55,000 Pres last weekend ,and put another 10,000 to 15,000 would-be customers on waiting lists.
Apple (AAPL) and MORE
Philip Elmer-DeWitt - Jun 8, 2009 11:27 AM ET
The Apple (AAPL) keynote Bingo game -- brilliantly parodied in the famous 2008 IBM buzzword ad (pasted below the fold) -- has become a fanboy tradition, although as far as we know nobody has ever interrupted a Steve Jobs presentation to shout "Bingo!"
Marketing senior vice president Phil Schiller, not Jobs, is scheduled to give the keynote at this year's World Wide Developers Conference Monday, but that hasn't stopped the Bingo MORE
Philip Elmer-DeWitt - Jun 7, 2009 6:34 AM ET
Apple's (AAPL) biggest showcase event of the year opens in San Francisco on Monday and it could go one of two ways.
WWDC 2009 could be precisely what Apple's press release said it would be: a conference designed to bring developers up to speed on the company's two most important software platforms -- Mac OS X Snow Leopard and iPhone 3.0.
Or it could be what the speculators who have run up MORE
Philip Elmer-DeWitt - Jun 6, 2009 8:29 AM ET
There were eleven customers huddled under umbrellas in a steady rain when the doors to Sprint's (S) flagship store in Manhattan's Greenwich Village opened at 6 p.m. ET Friday night -- the worldwide retail debut of this week's hottest smartphone.
First in line was Alfredo Rodriguez, 37, a hospital building services employee from the Flatbush section of Brooklyn. He had been a Sprint customer for a year and a half MORE
Philip Elmer-DeWitt - Jun 5, 2009 7:00 PM ET
Palm (PALM) brought the Pre to Hollywood Wednesday to bask in the glow of the glitterati. On Friday morning it got down to business and brought its hot new phone to midtown Manhattan.
At an invitation-only event, roughly 100 men in business suits -- and a handful of women -- gathered at the Roosevelt Hotel to nibble on fresh fruit and croissants and weigh in their own hands the newest entry MORE
Philip Elmer-DeWitt - Jun 5, 2009 9:57 AM ET
Friday's Wall Street Journal carries a report on the state of Steve Jobs' health that makes his condition last January -- before he went on a six month medical leave -- sound more desperate than Apple (AAPL) let on at the time.
"He was one real sick guy,'' an unnamed source told the Journal. "Fundamentally he was starving to death over a nine-month period. He couldn't digest protein. [But] he took MORE
Philip Elmer-DeWitt - Jun 4, 2009 9:18 PM ET
This is Jon Fortt's segment of a review done with Michael Copeland. For the full review including Copeland's take, click here.
The Palm Pre is the second-best smartphone I've used. Its black plastic physical casing is attractive and feels well crafted. Its screen is bright and sharp. Its keyboard, though too cramped for comfortable one-handed typing, feels good and works well when attacked with two thumbs. And the software -- MORE
Jon Fortt - Jun 4, 2009 11:55 AM ET
The first wave of reviews for Palm's (PALM) Pre came in overnight Thursday from the usual suspects -- and they're generally positive, with caveats.
The early reviews cover the basics and make the expected comparisons to Apple's (AAPL) iPhone and Research in Motion's (RIMM) BlackBerry.
The most in-depth piece we've read is Joshua Topolsky's at Engadget. For sheer length, Dieter Bohn's 20-part epic at PreCentral.net takes the prize.
A sampler:
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| Company | Price | Change | % Change |
|---|---|---|---|
| Bank of America Corp... | 7.29 | -0.01 | -0.14% |
| Ford Motor Co | 12.21 | -0.53 | -4.16% |
| Frontier Communicati... | 4.31 | -0.16 | -3.58% |
| Microsoft Corp | 29.23 | -0.27 | -0.92% |
| Juniper Networks Inc... | 21.69 | -0.68 | -3.04% |
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| Dow | 12,660.46 | -74.17 | -0.58% |
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| S&P 500 | 1,316.33 | -2.10 | -0.16% |
| Treasuries | 1.90 | -0.03 | -1.71% |
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