Apple (Nasdaq: AAPL) released new iPhones in 11 critical markets. Preliminary data indicates the expensive model is selling very well. Early adopters are driving this demand. People line up for days on end ahead of time sleeping on side walks if need be to be among the first to buy the phone. Not sure why Apple doesn’t auction them off to highest bidder and leverage the insane demand. Maybe donate money to charity or something good like that.
Do not be suckered by the addiction mentality of early adopters. Demand is a long-term equation not a one day door crasher sale. A buy or sell decision on one day data is foolish and incomplete.
A correct fundamental analysis would concentrate on how the product is being extended and if it fights off Android. Battles are fought not on one bullet. All generals know to prevail you need mass on the battle field. Speaking of which Microsoft (Nasdaq: MSFT) Nokia and Blackberry (Nasdaq: BBRY)
George Gutowski writes from a caveat emptor perspective. Follow him on Twitter @financialskepti