Wal-Mart has announced that it will offer iPhone 5, the latest iPhone, on its $45 a month no contract unlimited talk, text, and data plan. The offering will be available in more than 2000 Wal-Mart stores.
You may ask, ‘How can a typical low income Wal-Mart shopper afford a $600 iPhone 5?” Wal-Mart has the answer; it will offer special financing for only $25 per month with a Wal-Mart credit card to let low income consumers finance iPhone 5.
I feel sorry for select Apple fans who have been boisterous in looking down on those who used Google (GOOG) Android, Microsoft (MSFT) Windows phones such as those from Nokia (NOK), or heaven forbid a Blackberry from Research In Motion (RIMM).
I have been writing for quite some time that long-term risks in Apple stock are rising. This is the reason I have advised my subscribers to take profits on 80% of the position.
There is still significant value in Apple stock. This is the reason that we continue to hold 20% of our original position although we have taken profits on the rest. Our plan is to add to the Apple position if hunt and destroy algorithms become active prior to Apple’s earnings report.