iPhone fever to begin on June 29th!

Apple has confirmed to launch the much awaited iPhone on the 29th of June this year. It will retail for $499 or $599 depending on the configuration and will be offered exclusively AT&T's Cingular wireless service.

Apple's shares rose 7% last week and has nearly doubled over the last year to around $120 today.


The iPhone is the most awaited gadget expected to launch this year and it has been hyped up ever since Jobs announced its release in the Mac World conference earlier this year. I think this would have already been incorporated into its stock price rise and we may not observe any other hikes in this month or two during the iPhone launch - which would once again show us that the markets are effecient.

However, if the product does not do as well as expected, we might see AAPL's value drop as this is one of their biggest and revolutionizing products after the iPod. It would be interesting to keep track.