When Wall Street gets overly excited, I get nervous. Today’s Wall Street Journal had an article entitled, “Waiting on Apple Cellphone Call” (paid site with preview only) which is about summed up in this snippet:

“Several recent analyst reports forecast that Apple would sell millions of phones within a few years, bringing in billions of dollars in revenue. Some analysts go even further, predicting the impact of an Apple cellphone on wireless carriers, chip makers and other parts suppliers.“

Then in Q2, 2007, Apple is going to introduce the replicator to make any possible product out of any matter, the Holodeck which will render any other movie, music, theatre or meatspace experience a moot point, and a new teleportation device enabling all of us to instantly leap into extra space dimensions or parallel universes and thus Apple will completely disrupt every Earth-centric industry.

Come on…I’m an Apple fanboy and own about everything they make (and multiples of each). I’m also enthusiastic enough about Apple that a large percentage of my investment portfolio is in Apple stock…but even I throttle my enthusiasm! I was in Hawaii in November of 1983 when Jobs introduced the Macintosh to the company (I was with a manufacturer’s rep company at the time as Apple had no direct sales force and we and 26 other firms were it in the U.S.) and I was pumped about the product, but even then could pragmatically understand the challenges Apple faced introducing a new paradigm in computing.

Sheesh…I thought Apple was going to introduce a tablet PC three years ago! Do I think Apple is going to introduce an Apple mobile phone?

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