“Google’s recent announcement regarding the Open Handset Alliance (OHA) is set to increase competition with Apple’s iPhone, but won’t initially offer any features the iPhone doesn’t already provide, according to industry analyst Gene Munster of Piper Jaffray,” MacNN reports.
“The Open Handset Alliance consists of Google, T-Mobile, HTC, Motorola, and other companies that aim to develop an open software platform for mobile computing called Android. Apple’s iPhone… already offers many of the features — like full Web browsing functionality — provided by the new software. As a result, Apple has little need to join the OHA and has little to fear from the competition, according to Munster,” MacNN reports.
“The analyst firm reiterates its ‘Outperform’ rating on Apple shares with a $250 price target,” MacNN reports.
Full article here.