AAPL Stock: 111.31 ( + 0.53 )

Printed from

Early iPhone 2.0 experience promising, analyst says

updated 10:45 am EDT, Fri July 11, 2008

AmTech on iPhone 2.0

Early experience with the iPhone 2.0 firmware is cause for optimism, says analyst Shaw Wu of American Technology Research. Wu explains that like hosts of others, AmTech was able to download and install the v2.0 firmware in advance on Thursday, in turn enabling the installation of software from the iTunes App Store. Wu notes that over 500 applications were available for the App Store's debut, and that this number should eventually extend into the thousands.

One application tested was the AIM instant messaging client, which Wu says is generally a good piece of software, with a "slick user interface." The only complaint is said to be that it times out after two to three minutes of inactivity, which may be useful in some cases on cellular connections, but otherwise requires regular reconnection.

A crucial point is said to be that apps do not take much space. On a sample 8GB iPhone already loaded with a fair amount of material, some 17 new programs were added, and space remained for "plenty more."

AmTech estimates peg a buy-worthy target of $220 for Apple stock, slightly less than 33 times the CY09 EPS estimate of $6.70. This also amounts to 31 times the net of cash and interest income.

by MacNN Staff



  1. Guest

    Joined: Dec 1969


    Why on earth??

    Why is there anyone still care about what Shaw Wu's prediction.

    Check his past predictions:

    Only one "true".

  1. Guest

    Joined: Dec 1969


    Problem with 2.0...

    2.0 may still be a bit buggy. I upgraded yesterday afternoon and bought Monkey Ball, Remote (Free), MLB At Bat (Free), To Do, Yellow Pages Mobile (Free) and Google (Free). All worked great until I set up my work Exchange account to receive and send company emails from my iPhone. Exchange works GREAT, but now nothing that I downloaded and installed since upgrading to 2.0 works. I'll have to Sync, restore and reinstall to see if that fixes the problem.

  1. Salsa

    Joined: Dec 1969


    Shaw Wu


    Right, Shaw Wu has a bad track record at making product release predictions, but on Yahoo Finance he has a four out of five star rating for his financial predictions. I like to read his business analysis of Apple.

Login Here

Not a member of the MacNN forums? Register now for free.


Network Headlines

Follow us on Facebook


Most Popular


Recent Reviews

Polk Hinge Wireless headphones

Polk, a company well-established in the audio market, recently released a new set of headphones aimed at the lifestyle market. The Hin ...

Blue Yeti Studio

Despite being very familiar with Blue Microphones' lower-end products -- we've long recommended the company's Snowball line of mics ...

ZTE Spro 2 Smart Projector

Home theaters are becoming more and more accessible these days, but maybe you've been a bit wary about buying a home projector. And h ...


Most Commented