Poor Steve. Projected 3G numbers of 12m units by the end of Q3? No longer. It now looks more like 10-10.5m units by the end of Q4. From Barron's this week: "These sources [tech hedge-fund managers] say that Apple has slashed its internal expectations for iPhone unit sales by up to 16%." Now this certainly doesn't affect the financial performance of Apple (the iPhone is minuscule in overall financial contribution), but it certainly will affect sentiment, and ultimately the stock, given the rumors prove even slightly founded. This comes at a bad time, just after reports that while Apple's smart phone market share dropped 7.5% from Q4, RIM's and Palm's market shares rose 9.4% and 5.5%, respectively. Perhaps its Steve who's having nightmares of Lazaridis boldly beating him with, well, a Bold.
Maybe I wasn't crazy for getting out at $189...I guess we'll see.
Delay culprits: Infineon (IFX); Foxconn International Holdings; AAPL
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