Apple’s Hacked iPhone Will Lead to Incredible Sales Increases

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August 24th

Apple’s Hacked iPhone Will Lead to Incredible Sales Increases

posted in Apple (AAPL), AT&T (T) |

Earlier today, Apple’s (AAPL) iPhone had a tremendous change of rules.

As almost everybody knows, the iPhone is under contract with Cingular (”The New AT&T”) for about two years, where only AT&T (T) will have rights to sell phone service for the device. For many prospective consumers, Apple’s decision to have a singular provider of service was a slap in the face. The very American idea of enabling phones for one company was supported by one of the least likely companies.

Immediately after this news came about, Apple and iPhone junkies began making attempts to “hack” the phone to enable multiple carriers. Now, the brilliance of a 17-year-old has prompted a worldwide commotion. He has actually uncovered the ability to unlock the phone, at least for one other carrier. The new hacked iPhones can now run on the T-Mobile wireless network.

The hack clearly removes AT&T’s grasp upon the iPhone and should be taken into account for future earnings. Unless, Apple updates the iPhone and removes the ability to hack the phone with the current method employed. No details about the plausibility of a patch/update to fix this hack has been mentioned, so prospective buyers should have no reason to stand back and wait any further.

Apple and AAPL should become quite bullish in the next couple of weeks as more details are released about the phone hack. If investors bought stock at the lowest levels, they’ll be in for a nice return in only a short while.

Disclosure: Long Apple (AAPL) and AT&T (T).

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This entry was posted on Friday, August 24th, 2007 at 6:52 pm and is filed under Apple (AAPL), AT&T (T). You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.