Amid the hype surrounding the launch of Apple’s iPhone later this month, Credit Suisse analyst Robert Semple said many investors wonder whether consumers will pay a steep premium for a luxury item. Semple believes they will, because consumers often “trade up” for fancy gadgets that offer lots of bells and whistles, he noted. Earlier this year, Apple unveiled its latest product, the iPhone smartphone. The iPhone will offer cell phone service through Cingular, a digital music player and an Internet connection allowing users to surf the Web and check e-mail.
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Original post by Vern Seward and software by Elliott Back
