Wednesday, March 18, 2009

iPhone Software Update Is Overhyped

Completely agree with this video by press maven Marek Fuchs. New iPhone software is an evolutionary update, not a revolutionary thing. Apple (AAPL) is a great company, iPhone is a great product, but I also doubt that this software update can affect top and bottom numbers. And money is the only thing we care about when investing.

I sold part of my remaining Apple position today into strength.

Full disclosure: at the time of publication author had a long position in AAPL. Positions can change any time.

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