Apple Q1 results were hot, topping top line and bottom line expectations on strong demand for the iPod. Can these fantastic results continue. iPods were strong but other products such as the iMac were not strong. I doubt that a fancy priced phone will be a massive hit like the iPod. I think it'll be hard for Apple to post strong results from here.

I would not pay over $500 for an over engineered phone. I notice the stock is down today.