betting props on Apple Inc.
The new, and probably the most
hyped, mobile phone to come out this year - iPhone - gets
Inc. (NASDAQ:AAPL), the company who brought you the Mac, the
iPod and the iTune, has announced June 29th as the release date
for their new toy - the IPhone. There is little doubt that the
iPhone (a mobile phone slash widescreen iPod with touch controls
slash Internet communications device) is one of the most
expected gadgets to hit the market this year.
And just as Google got betting odds on the next company they
will buy, the online oddsmaker
Bodog has published betting props
related to the release of the iPhone. Specifically, on the
impact the iPhone will have on the stock of Apple Inc. on the
NASDAQ. The odds posted by the betting website are on
"What will happen to the value of Apple Inc.'s (AAPL) stock on
June 29th, the iPhone's scheduled release date?"
Increase by more than 10.00%
Increase by 8.01% - 10.00%
Increase by 6.01% - 8.00%
Increase by 4.01% - 6.00%
Increase by 2.01% - 4.00%
Increase by 0.01% - 2.00%
No Change (0% change)
Decrease by 0.01% - 5.00%
Decrease by 5.01% - 10.00%
Decrease by more than 10.00%
All wagers will be graded based on the
starting and closing values of AAPL on June 29th as reported by
Today Apple's stock closed at $117.50, a
little over 2% down from the day before. It seems that the
oddsmaker thinks that Apple's stock would most likely decrease
on the day of the release of the iPhone. We have no idea why a
5% decrease in the Apple Inc. stock is the favorite outcome on
the iPhone day. The device has received its share of criticism,
mostly from developers for not providing a better integration of
third party apps, but we think this would be hardly a reason for
people not to buy the iPhone. It will be introduced through
AT&T, and their customers base is large enough to ensure a
healthy first-day sales. The hype surrounding the handheld is
enormous, and you can hear the chanting of the Apple's fan base.
You will be the coolest guy in the office if
you show up on Monday at the office with the new iPhone. Parents
can buy their kids an iPod and a cell phone in one neat package.
And you will have to go to iTunes to load your new mobile phone
with music and videos...
All considered, our prediction is that a stock
increase of 4.01% - 6.00% is most likely, but surpassing the
8.01% margin with betting odds of 15/1 is also a very good
Bodog (official website) and browse to
the Entertainment odds if you would like to place a bet on the iPhone impact on the stock of Apple Inc.
Published on 06/14/2007