AAPL: iPhone demand declining?

I noted today from notablecalls that CIBC analyst is out with a comment this morning, citing declining demand for apple iphone over last 10 days. iPhone is seen to spur flash as well as ASIC demand for semiconductor sector so if he is right, this does not bode well for semiconudctor sector. Personally I think APPL iPhone is a game changing device. It will be a long term winner. But with so much worry about economy weakening due to credit problem and high energy price, I wonder whether continued demand for iphone that costs anywhere between $499 to $599 will be a hot seeling item after initiaL demand subsides. I am not making any statement here. Just a thought.

Following is the excerpts from notablecalls

Apple NASDAQ:AAPL: According to CIBC iPhone has seen a significant decline

- CIBC's Ittai Kidron is out with monster call on Apple NASDAQ:AAPL saying based on their ...