Quote Originally Posted by MJZiggy View Post
There's also the possibility that when the price to earnings corrects, the stock price will crash because everyone who wants one will have one. This is not an economy in which people can toss a perfectly good iPhone to buy another iPhone. Maybe they will, but maybe not. What if everyone who wants an iPad has already bought one and the projections are wrong? Then what?
The economics to upgrade your phone make sense. Education is going to be eventually be the iPads market and education will always upgrade often. iPhone economics are far more conducive to upgrades to a consumer than the iPad, I agree. American cell companies contract structure basically will guarantee the vast majority upgrade. It is a huge waste of money to NOT upgrade.

Analysts could be wrong, but their livelihood depends on them being right.