Of course, they may lose money on each phone sold, but they'll make it up on volume...
Apple fell $2.79, or 3.1%, to $87.04 on the Nasdaq Stock Market. In a research note Thursday, CIBC said it now estimates a late first-quarter 2007 or early second-quarter launch for the "iPhone," based on its checks. Analyst Ittai Kidron wrote: "We have no exact details on the form factor or functionality of the handset, yet we believe Apple could be designing as many as three different models [real or decoy]."
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