Indeed.

Michael Gartenberg asks Is the iPhone a success or a flop?

The launch of the iPhone was the first move in what is likely to be a long game for Apple, trying to gauge the overall success based on two days of incomplete data is silly.

Gartenberg doesn't even mention the fact that the iPhone launch was plauged with activation problems. Needless to say, the Macalope is bullish on the iPhone. We'll see what this afternoon's quarterly conference call brings.

[Disclaimer: the Macalope holds an inconsequential number of Apple shares.]