Monday, March 3, 2008

Launch of 3G iPhone Delayed ?

RBC analyst Mike Abramsky is saying the launch of Apple's 3G iPhone this summer could be delayed, according to a Wall Street Journal Article. The delay is said to be due to carrier networks' testing and fine-tuning of the product.

Apple shares gave up 2.6%, or $3.29, to $121.73 on the Nasdaq Stock Market after analysts from Bank of America Securities and RBC Capital Markets lowered their price targets.

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