iphone nano

Apple will release a smaller iphone based on the ipod nano later this year. The new iphone should sell for about $299. It is estimated that this newer cheaper iphone should sell 20-50 million units seriously damaging both Nokia and Motorola.

When I predicted this in 2001 the reply was disbelief and catcalls. A cheaper iphone will rock the house. This iphone is essentially the way forward. The olskool cellular telephones will becomes as extinct as T- rex.

As always, when my prediction of Apple stock over 200 in 2009 comes true much like my prediction of Apple going over 100 in 2007, then the debunkers will say "That was obvious!" Well, then my question is - why didn't they purchase Apple stock?