Apple iPhone

The Apple iPhone is scheduled to be released in the United States on June 29, 2007. It will be available from the Apple Store and from AT&T Mobility.

Apple announced that its goal is to capture 1% of the global mobile phone market, which would be approximately 10 million units being sold in the first full calendar year of iPhone availability.

With lofty goals like that, Apple CEO Steve Jobs has a big job ahead. The iPhone’s success should have a big impact on his company’s stock.

In anticipation of iPhone’s release, Bodog oddsmakers have come up with a number of creative business props for bettors to wager on.

One prop wager asks bettors to predict what will happen to the value of Apple stock on June 29th, the date of the iPhone release. The most likely option at 7/2 odds is a decrease in value by 0.01 - 5.00 percent. (Odds are subject to change.)

Odds On: What will happen to the value of Apple Inc.’s (AAPL) stock on June 29th, the iPhone’s scheduled release date?

Increase by more than 10.00% 12/1
Increase by 8.01% - 10.00% 8/1
Increase by 6.01% - 8.00% 9/2
Increase by 4.01% - 6.00% 4/1
Increase by 2.01% - 4.00% 5/1
Increase by 0.01% - 2.00% 6/1
No Change (0% change) 15/1
Decrease by 0.01% - 5.00% 7/2
Decrease by 5.01% - 10.00% 15/2
Decrease by more than 10.00% 12/1

Other prop bets involve the likelihood of an iPhone software development kit as well as the price of the cheapest AT&T unlimited data plan for the iPhone.