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I purchased Apple stock in September in anticipation of an announcement at the Developers Conference, but nothing was said. I held on to the stock until late December when, after a 24% run-up, I decided to take the money and run. The next week, Apple's stock price dropped sharply after concerns over stock option backdating were raised, but bounced back when Steve Jobs was exonerated. Then Mr jobs announced the iPhone, and the stock spiked up almost 20% over the ensuing days from the bleak trough just a couple of weeks earlier.
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My main criticism is—despite the beauty of the device and the elegance of its interface—it is not first and foremost a phone. I have always had a problem with convergent devices because they do too much and rarely do it optimally, leading to bulky design, delayed rollout, expense, component failure, and differential rates of obsolescence. I was talking to friends this week and said I can't wait for the iPhone nano, a product which is now just a figment of my imagination but one which could actually appeal to the broader market: A device that is functional, portable, fashionable, affordable, and replaceable.
iPhone nano, Steve. Think about it.
Technorati tags: Apple, iPhone, nano
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