Piper Jaffray’s Gene Munster, who makes a living walking through AT&T (T) stores counting Apple (AAPL) iPhone sales says that the recent $200 price cut has increased unit sales by 300% from 9,000 a day to 27,000 a day.
According to Business 2.0, Munster thinks the improvement will move down to a sustained 50% increase. There is no way to confirm that number or tell whether it is close to accurate.
Apple will still have to do better than a 50% increase to offset the $200 price drop.
End of the math lesson.
Douglas A. McIntyre
Sponsored: Tips for Investing
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.