Apple Shares Fall on IPhone Numbers

AT&T wiped some of the glow off Apple Inc. iPhone on Tuesday, releasing numbers that showed fewer morons than expected signed up for service in the first two days of the multimedia cell phone's release.

AT&T - the iPhone's exclusive carrier - said it activated 146,000 ovewr priced 60 + bugged iPhones on June 29 and 30, a number that disappointed investors following some analyst forecasts that Apple would sell 500,000 or more iPhones in its first weekend.

The news interrupted a steady rise in Apple's stock price that started with the iPhone's release. The 18 percent surge generated $18 billion in shareholder wealth.

On Tuesday, Apple shares fell $8.81, or more than 6 percent, to $134.89, wiping out more than $7 billion of Apple's market value. Steve is still using his and telling everyone how great it is...Look for a new model that works during the holiday shopping season...