05-15-2009, 07:00 PM
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Executive Editor Emeritus
Join Date: Mar 2005
Posts: 1,471
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Analyst: App Store Isn't Equaling Cha-Ching
"It must be a measure of how divorced from reality the US financial establishment has become when one of its most venerable voices discounts $20 - $45 million as ‘not a lot of revenue.’ That’s the figure range Jeremy Liew, an analyst at Lightspeed Venture Partners, estimates would be Apple’s take from sales on the first 1 billion iPhone and iPod Touch applications downloaded through the iTunes App Store." 
A: This is an analysts estimate based on some suppositions that he has no basis for except for being educated guesses. B: Even if Apple makes $3 over the course of the App Store, it is selling iPhones. No question about it. It's such a good idea that every other company is scrambling to imitate it. Not everything has to generate billions in revenue to be a success. (Lonnie Lazar makes similar points in the linked article).
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Current Apple Stuff: 24" iMac, iPhone 4, AppleTV (original), 4gb Shuffle, 64gb iPad 2.
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