There was plenty of fodder for the mounting enthusiasm of the iPhone release after the FCC officially approved the device this week. Other details were announced, including that the coveted iPod cellphone would only be available at official Apple and AT&T retail stores. But has Apple put too much pressure on the iPhone to be a success? When a fake email was sent to and posted on tech news site Endgaget that said the iPhone's launch would be pushed back to October, Apple's stock crashed (a $4 billion drop in market capitalization) until the news was corrected -- all in one day. The iPhone is still set for a June launch, and Apple's stock has fully recovered.
May 19, 2007
iPhone
There was plenty of fodder for the mounting enthusiasm of the iPhone release after the FCC officially approved the device this week. Other details were announced, including that the coveted iPod cellphone would only be available at official Apple and AT&T retail stores. But has Apple put too much pressure on the iPhone to be a success? When a fake email was sent to and posted on tech news site Endgaget that said the iPhone's launch would be pushed back to October, Apple's stock crashed (a $4 billion drop in market capitalization) until the news was corrected -- all in one day. The iPhone is still set for a June launch, and Apple's stock has fully recovered.
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