first article/Apple Iphone

Sara Colvard
Apple iPhone
Mercury News
Now, `it's all about the iPhone'
APPLE'S LATEST PRODUCT OVERSHADOWS STRONG HOLIDAY SALES, PROFIT

For Apple Company The new Iphone was announced last week and the predictions for it are both good and bad there are many worries about the effect from it on other products to the effect on the company. The apple company was happy with the out come for the holidays with the sales of the Ipod.
The iphone isn’t expected until June but there are still very eager people for it. The company is worried about the effect on the sales of the ipod. Last quarter blew through the expectation on wallstreet. At a one hour conference the interest in the new iphone was the main topic but the company still ha few answers about it because it is still to soon,
The new phone is very new type apples first phone on the market it has been the first topic for apple lately. The shares for apple on Wall Street have both risen and fell. With the ipod making 1 billion in share over the holiday that was way above what was hoped. Analysts surveyed by Thomson Financial expected the company to earn 77 cents a share on sales of $6.42 billion.
The apple profit was 565 million for the shares. The investors though still have jitters about the shares. Apple sold 969,000 notebook computers in the just-completed period, up 65 percent from the same period a year earlier. Even more impressive, the company saw $1.46 billion in revenue from those sales, up 79 percent from the holiday quarter of 2005.