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Via Wall Street Select:
You have to hand it to Steve Jobs.
The guy is a master at creating demand. Today at Macworld, Steve announced AppleTV and the much anticipated iPhone. If you are not sure if this is big just look at the iPhone. iPhone Photos:
Steve announced that the iPhone will retail for $499 for the 4GB and $599 for the 8GB version and both versions will ship in June of this year and be available exclusively from Cingular. AAPL is targeting 10 million units or 1% market share in 2008 which works out to about $5 billion in revenue if you assume an average unit price of $500.
Steve provided some great stats on the progress that Apple is making. Below are the key items mentioned:
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