Daily: On Apple’s record iPhone upgrade cycle boost

This is a brief note on Apple since it sold 5 million iPhones at the weekend. I have been saying that the upgrade cycle for Apple would be bullish and it has been as we are seeing record sales. This is due mostly to the fact that Apple's iPhone 5 launch is a true and dramatic upgrade for the iPhone versus the iPhone 4S launch last year, which was a bit of a disappointment in terms of features upgrade.
The question is what this will mean for earnings and the stock. I still believe that Apple's ha...


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