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It was a good time for smartphone introductions, with Apple (Nasdaq: AAPL  ) unveiling the iPhone 4 and Garmin (Nasdaq: GRMN  ) hitting the market with its Android-flavored Garminfone.

Which one do you think sold more this week?

The answer is Garmin, but that was a trick question. Apple won't be taking pre-orders for its new iPhone until next week. It will hit the street on June 24.

There is naturally plenty of hype -- global hype -- for the iPhone 4. It introduces dual cameras, videoconferencing, and a richer resolution than previous incarnations. Given all of the cool Android phones hitting the market these days, Apple needs to make sure that these annual refreshes matter.

Folks, the iPhone 4 matters.

Briefly in the news
Let's take a quick look at some of the other stories that shaped our week.

  • Procter & Gamble (NYSE: PG  ) made its Gillette Fusion ProGlide razors and cartridges available in stores on Tuesday. The sticky consumer conglomerate claims that the ProGlide reduces tugging and pulling during the shaving process.
  • JPMorgan Chase raised its price target on Netflix (Nasdaq: NFLX  ) to $133 from $110. Netflix also showed off a streaming app for iPhones and Web-connected iPod touch players that will hit the market this summer.
  • CVS Caremark (NYSE: CVS  ) and Walgreen (NYSE: WAG  ) have always been feuding rivals, but the battle intensified when Walgreen announced that it would no longer participate in CVS Caremark's drug benefits plan on new or renewed plans. CVS Caremark fired back and now it's a full-on pharm fight.

Until next week, I remain,

Rick Munarriz

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Apple and Netflix are Motley Fool Stock Advisor picks. The Fool owns shares of Procter & Gamble, which is a Motley Fool Income Investor pick. Try any of our Foolish newsletters today, free for 30 days.

Longtime Fool contributor Rick Munarriz recommends windshield wiper fluid when trying to look back. He does not own shares in any of the stocks in this story, except for Netflix. He is also part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.


Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On June 12, 2010, at 12:51 PM, demodave wrote:

    Ya know, if you look back at this week and think about how it played out for Apple, it was not too stellar.

    1) iPhone thunder stolen by a geek

    2) FTC probe into "monopoly" issues

    3) iPad data stolen by media geeks

    Let's not lie. If you have something and you know it is not yours, you are supposed to give it back. We all learn that in kindergarten. And their are laws that say so, too. So 1 and 3 above are about theft. Plain and simple.

    2 above is a little too complicated for kindergarten, and I am not a lawyer, so I can't comment much.

    Still, it's a tough week.

    Do I still love Apple and its products? You betcha. Will I be buying an iPhone 4? You betcha. (My plain ol' 3G is ready for an upgrade.) Will I buy an iPad? You betcha. (Just gotta figure out the when and where. Maybe even which version/revision.) Will I stay invested in Apple? You betcha. To me, this week is just a bump in the road. But as a fanboi, it does kinda suck to see negative publicity launched at my favorite company.

  • Report this Comment On June 12, 2010, at 2:24 PM, foolmetwice3 wrote:

    Rick you are a gay ass willie nellie. You tell everyone to sell on Friday, and you yourself did so. And now you tell us you own shares of NFLX. You got a bunch of us to dump our holdings. You should be fired, you loser.

  • Report this Comment On June 14, 2010, at 2:18 PM, 21820b wrote:

    Look at the chart for NFLX. Who cares what anybody says about it.

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Related Tickers

2/10/2012 4:00 PM
NFLX $123.93 Down -0.91 -0.73%
Netflix CAPS Rating: **
PG $63.88 Down -0.16 -0.25%
The Procter & Gamb… CAPS Rating: *****
WAG $34.54 Up +0.33 +0.96%
Walgreen Company CAPS Rating: ****
AAPL $493.42 Up +0.25 +0.05%
Apple CAPS Rating: ***
CVS $43.18 Up +0.18 +0.42%
CVS Caremark Corp CAPS Rating: *****
GRMN $43.59 Up +0.11 +0.24%
Garmin CAPS Rating: **

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