I believe those of you under $3 will probably get to cash in the closer we get to the holiday season. I can see this stock approaching that big resistance just of $3 again, before collapsing below $2.
People will buy this phone, but more people will buy a phone that has a matching tablet.
Sucharita Mulpuru, vice president and principal analyst of ebusiness and retail at Forrester Research, explains, “I wouldn’t be surprised if the volume of revenue through tablets doubles this holiday season. “More people will certainly be shopping on tablets as now more people have tablets than they did a year ago.”