Ahead of the Bell: Apple |
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Wed, 28 Mar 2007 13:52
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NEW YORK (AP) - Analysts who forecast strong sales of Apple Inc.'s long-anticipated iPhone may be right.At a major wireless conference on Tuesday in Orlando, Fla., AT&T Inc. Chief Operating Officer Randall Stephenson said at least 1 million people have already asked Apple to let them know when the iPhone becomes available.Cupertino, Calif.-based Apple, known for its Macintosh computers and its iPod portable music players, has been silent on development of the iPhone, a wireless Internet device and cell phone.The device is set for release in the U.S. in June, and will be sold in Apple stores and on its Web site, in addition to AT&T's Cingular Wireless stores.Shares of Apple Inc. fell 43 cents to $95.03 in Wednesday premarket trading, after closing at $95.46 on the Nasdaq Stock Market Tuesday.The stock has shed about 2 percent since touching a 52-week high of $97.80 in January when Apple Chief Executive Steve Jobs introduced the iPhone and is up nearly 10 percent so far this month.Copyright 2007 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Apple, Beatles settle trademark suit 