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.
Fresh-Faced Recruit
Joined: Nov 1999
Why on earth??
Why is there anyone still care about what Shaw Wu's prediction.
Check his past predictions:
http://guides.macrumors.com/ShawWu(Analyst)
Only one "true".