“Apple’s iPhone already looks like a smashing success from a financial standpoint,” Scott Moritz reports for TheStreet.com. “In the past week, with the device’s launch still three months off, a few analysts have already raised their sales estimates.”
Moritz reports, “Even industry skeptics think Apple’s deft design hand, and consumers’ growing allegiance to the iPod brand, will push the company past its target of 10 million iPhones sold over 18 months.”
“‘First, don’t call it a phone,’ says Ovum analyst Roger Entner. ‘The carriers have destroyed the value of the phone. To most people, a phone means it’s free. It’s like calling your car a Yugo.'” Moritz reports.
“One outfit that sits squarely in Apple’s path is Palm. The Treo, an expensive handheld computer phone, had many loyal fans before sleeker smartphones, such as Motorola’s Q and Samsung’s BlackJack, started chipping away at the Palm phone. Now, with the imminent arrival of the iPhone, Palm seems doomed, say analysts. ‘Palm is shaking in their sandals,’ says Ovum’s Entner.”
Full article here.
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