From Mark Gongloff:
Apple shares have climbed back to $400, up nearly 3% today, as analysts cheer word that people are actually interested in buying the iPhone 4S.
Apple shares have rallied hard in recent days, which some called a tribute to the late Steve Jobs, but also driven by word that there might be more demand for the iPhone 4S than the “we were promised jetpacks” crowd realized.
There's a certain class of people who insist that Apple is failing because they never live up to their unfair and unrealistic expectations. The label "'We were promised jetpacks' crowd" cleverly and succinctly sums up their nature.
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