Apple's third-generation iPhone launches on Friday, but better-than-expected pre-orders could mean a bump in earnings as early as this quarter. Daniel Ernst, principal analyst of Hudson Square Research, shared his insight for the future of the smart phone market.
“The [iPhone] 3Gs is shaping up to be another strong launch for Apple ,” Ernst told CNBC. “The device itself isn’t all that different but AT&T and Best Buy have already sold out of their initial allotments.”
Ernst said the new iPhone’s price cut to $99 should not only benefit Apple, but AT&T as it receives new subscribers.