Well, there has been much media buzz about the pending launch of Apple iPhone at the Walmart stores and select Sams Clubs three days after Christmas, December 28th. It has been keeping everyone in suspense particularly me, as I have been wanting to get an iPhone for myself. For many days now, it was reported across the entire web world that indeed there will be the cheaper priced 4GB iPhone selling for $99. There has been much hoopla, much speculations across the blogasphere.
Just this morning, a few technology blogs confirmed that yes, indeed Apple has started selling the iPhones 3G through Walmart today at some 2500 selected Walmart and 69 Sam’s Club locations around the country. I went to the Walmart.com main page to see if it is isted there and yes, it is. The main page features the Apple iPhones and if you click on it, it takes you to the product page where it lists the Apple iPhone 3G 16GB, Black, for a price of $297.00. Hmmm. I was looking for the $99 model that everyone is talking about, or at least a discounted price for the 3G 8GB modell!! The 8GB is listed for $197.00. It does show that these items are available at the Walmart stores but one has to find out which of the stores.
Now, I am a little disappointed, so much hoopla and media speculations and no $99 iPhone! May be Apple can straighten these confusions out by issuing a statement. Well, in marketing 101, confusion may not be a bad thing. It may just drive more media coverage and public frenzy amongst Apple wannabes. Apple will no doubt benefit from having added one giant sale channel and launching its new partnership with the largest retailer during the undisputedly busiest shopping week of the year. Thumbs Up Steve Job.
Apple gadgets have always been slick, classy, functional and appeal to the creative type. Today the old iMacs are collectible. It is a fashion statement to many, a religion to most people who could not live withough their Apple gadgets. The designs and functionalities are unmatched and the fact that Apple is able to roll out new and exciting gadgets every few months speaks for the innovative minds at Apple. A quick search on Yahoo Finance turned up some very interesting facts: Apple share price at the bottom of each boom bust ccle during the last three decades: August 1985, Apple share at $1.875. September 1990, $5.875, September 1993, $5.8425, Dec 1997, $3.2825, December 2000, $7.044 and April 2003, $7.11. Apple’s share price closed at $85.81 this past Friday, Dec 26th. During the same period, Apple share has gone through three share splits. Its shares peaked at $198.00 in Nov 2007 and had been heading south on a precipitous drop following the financial meltdown and massive unwinding and de-leveraging of assets by hedge funds. Please note it is not my intent to get you to jump in to buy Apple shares today. I don’t own Apple shares today and don’t plan to buy it in the near future. I am merely saying innovation that moves our world forward is a very good thing indeed.