So… earlier this month analysts representing predatory short funds were bashing the iPhone because Apple was cutting back production – even though this is Standard Operating Procedure for Apple once is launches a new product and prepares to roll-out the next generation (look for the Nano iPhone around December). Apple shares took a fairly significant drop. But Best Business Practices around disruptive technology help stocks defy gravity.
Steve Jobs had quietly predicted that Apple would sell around one million iPhones by the end of September. As of today, it appears that Apple is slightly ahead of it’s projections.
Here is what I have noticed… iPhone sales were actually slow out of the gate. The iPhone is rather intimidating and it is a bold step for anyone still tied to the Windows world (Treo and Blackberry are part of this stodgy corporate view). But, once people see an iPhone in the hands of a friend they they want one. So, I can’t help but predict that the iPhone will follow the iPod as something that proves the owner is cool and discerning. The obvious result is momentum – and, Apple exceeding sales projections, revenue generation and stock valuations.