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Technology Stocks : Apple Inc.

AAPL 270.11

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3:59 PM EST

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To: Kelly G. who wrote (148059)	1/11/2013 3:37:23 PM
From: Keith Feral	Read Replies (2) of 213172

Munster is looking for a sub $400 iPhone for the low end of the market. The iPhone 4 is already at $450, but the phone is several years old. I would love to see Apple attack the low end of the market with a new plastic model where they could still generate a nice return at $350. I think that would alleviate a lot of pricing concern for the higher end iPhones too. There is still lot's of room for Apple to grab market share over time. They have only been in the 3G CDMA market for 2 years with Verizon this month, and 15 months with Sprint. They haven't even gotten to 1 year of sales in China. Looking back at ATT, Apple's sales have continued to increase every year. Verizon is showing sequential iPhone growth too, and frankly that's with very limited focus on just the high end of the market. It's still very early in the Apple growth story as far as the iPhone is concerned.

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