Time to place your bets ahead of Apple’s 3G iPhone which goes on sale Friday!
Apple stock rose Monday ahead of the release of the new iPhone on Friday that works on 3G, or third-generation, wireless networks, and supports satellite navigation. An 8-gigabyte model will cost $199, and a 16 GB model will cost $299.
In a client note Monday, BMO Capital Markets analyst Keith Bachman said that Apple could run out of iPhones soon after launching the updated device, citing "some recent production yield issues." Still, he thinks the company "will be able to catch up with phone demand during the quarter."
Piper Jaffray upgraded Broadcom and Juniper explains Pete Najarian. If the iPhone is effective those companies stand to benefit from the infrastructure buildout. And Apple could explode.