“The iWatch may cost $299 when it launches later this year, Morgan Stanley analyst Katy Huberty said in a note to investors on Tuesday (via CNET), “
What a shock. People selling stocks in Apple go on and cheerleads for Apple’s unannounced products. Tech websites print it without a blink.
This is almost crony capitalism.
You missed the “rest of the story” as has played out the last several years:
Analysts predict massive sales
Apple predicts big sales
Actual sales exceed Apple’s forecast, but slightly miss those analysts’ forecasts, so stock falls...
And yes, after tech sites print it (along with the bluster from MS and other makers as well). They want to be the “first with the news”... even if it means just regurgitating manufacturers and their hyperbole.