. >> dan is no longer the diehard apple bull. he recently bought a galaxy, a samsung galaxy 3s. the newest on the market. dan, give us your interpretation of where apple is going to go. >> when i think about this they introduced a great four inch ipod touch and the ipad 2 at $400. they have the new ipad at $500. we have the ipad mini supposedly coming out, where is that thing going to fit and how does it not cannibalize the other products. i'm more curious about they have to compete with samsung but they are competing with their own products. i think the tablet space will be a race to the bottom as far as pricing. they are expected 20% growth next year and the year after could be less. at one point what do you get -- >> so you don't like mike's trade? >> i don't like the risk/reward of his trade. i would be more speculative and buy further out of the money. >> stocks versus options is on the new iphone. just kidding. you can only get it here. 100 shares of apple will set you back almost $70,000. mike's in the money call spread can double your money by the end of the year and cost

. >> as mike mentioned, diehard apple fans have been camping out since the crack of dawn and days ago itching to get their hands on the latest iphone. you know who else is diehard? jon has pulled an options action trifecta three for three in terms of weeks appearing on the show. what is the latest buzz? >> reporter: three for three. these aren't the diehard folks. these are regular geeks in line now who want to be there for the first day. they didn't camp out but came on their lunch break. let's talk about what apple really needs to do. to give it legs. wants to see 8 million units over the weekend. 49 million for the holiday quarter. we did talk to a guy earlier among the first to get the iphone in hand. take a listen to what he had to say about why he was here today. >> i would normally not wait in line but bottom line is the phone is a great phone. it's the best phone made. >> it's the kind of phone designed for idiots like me. >> load it up and just past my old 4. it's fantastic. >> reporter: a couple of things to point out about apple going forward. you talked about maps a little

. >>> we are live in san francisco where dozens of apple diehards have been last to snag the new iphone. why apple made a bit of a flub this time around. >>> thank you for joining us it is friday, september 21st i'm pam cook. weekend just about here. i want to know what is it going to be like? steve paulson is here to tell me. >> no pressure there, pam. it will be chilly in the morning. we have mostly clear skies. there is a few patches of fog. and it's rather cool. there will be a lot of 40s this morning. temperatures will be warming up pup especially away from the coast. 60s and 70s and a mid to few upper 80s. here is sal. >>> good friday morning. traffic looks pretty good as we go out to the live pictures and show you highway 4. it's a nice looking drive coming up to the willow pass grade. and 680 southbound it looks good. it's 4:29 let's go back to the desk. >>> new this

they wanted the product first and they really like the experience of being in line with fellow apple diehards. we asked one guy what the appeal was. >> you know it's bigger, obviously and faster and a lot of the things are better on it. slimmer. and the new port is something i think a lot of people are interested in. verses the larger dock connector they used to have. i think it will be a good phone. >> reporter: we have one of the youngest apple fans here sitting on his dad's lap. i saw you guys taking pictures a little bit earlier. is this a historic moment for you? >> it is. it's his first iphone apple line in general. he hasn't said anything about being excited. clearly wants to get in there. >> reporter: big smile on his face as a lot of people will when they open the doors here in just a little over an hour. live from san francisco i'm tara moriarty. >> thank you. >>> time now 6:47. 78-year-old woman in san rafael is recovering now after an out of control car hit her last night and crashed into a restaurant. it happened on fourth street during the popular thursday night farmers market.

diehard folks. these are regular geeks in line now who want to be there for the first day. they didn't camp out but came on their lunch break. let's talk about what apple really needs to do. wants to see 8 million units over the weekend. 49 million for the holiday quarter. we did talk to a guy earlier among the first to get the iphone in hand. take a listen to what he had to say about why he was here today. >> i would normally not wait in line but bottom line is the phone is a great phone. it's the best phone made. >> it's the kind of phone designed for idiots like me. >> load it up and just past my old 4. it's fantastic. >> reporter: a couple of things to point out about apple going forward. you talked about maps a little bit. i think that is a key issue. not just maps, take a look at complaints about siri. ipad going forward you want to see a mini ipad. something else about the iphone. china particularly important here. there will be a volume bump with the launch in north america. we need to see china mobile or some other move to keep momentum going because percentagewise china is where the volumes have to be for growth going forward. >> it seems lik

apple store on michigan with a look. this line is growing ... many have the new i-phone 5 some spent three days waiting in line ... >>i feel like i'm a winner ... these diehardse smiling faces today they will spend the day using in showing off this new i phone 5 >>it's user-friendly you can't ask for a better phone and now it's fester and a whole lot better ... >>people started lining up tuesday at the store here on the magnificent mile and this was the pay off this morning >>i feel like lebron james or kobe bryant walking and i am happy to get the phone and it's friday what can be better ... tech experts say that it's worth the hype ... the faster processor the graphics and the new screen is nice and the size is perfect and that's key it's not bulky compared to others ... the 3-d displayed is quite impressive as is the new passbook a digital wallet personalize to your favorite vendors and activities ... >>i can actually check in and with my flight through this passbook ... >>its aluminum with glass who once that plastic stuff ... this is beautiful a work of art ... the store is in giving in to many details but they still say that they still have funds availa

apple ritual. i'm going to step out of the way. you can see these are the diehards we're with here.cess. 2 million sold in the first 24 hours. you can order this online which makes us ask every time, why do you people come out and do this? some of them have been online for eight days. some of them just coming earlier this morning. queueing up to get in. we spoke to a couple of them about why it's so important to be here physically. here's what they had to say. >> i came with a friend of mine, he's number two. so that helped, kind of the buddy system to cover for each other when one of us wanted to shower or change. we have battery packs that power our ipads and so on so those need to be taken and charged once a day or every two days. so it wasn't like constantly in the chair for the whole time. the last few -- three days were more pretty much sleeping here almost around the clock. it was one night when there was torrential rain. that was kind of a problem. >> i'm probably a seven. yeah. yeah. i don't have to have everything right away. but i ultimately end up buying everything. >> t