Apple announces faster, cheaper iPhone
CEO Steve Jobs unveils the much-anticipated 3G iPhone; cuts the iPhone price to $200; takes aim at the BlackBerry.
But apparently, it couldn't live up to the very high expectations:
Apple shares fell 4% after the iPhone announcement, as some investors were left wanting more from the gadget maker. The stock had been up 55% in the past three months on heightened expectations for a radically improved iPhone and the possibility of other product launches.
Submitted: Jun 9, 2008
Views: 136
Comments: 6
Likes: 1
View Article: http://money.cnn.com/2008/06/09/technology/applekeynote.fortune/
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Comments Received:
I don't think it's going to sell a lot more phones based on this. Rimm still has a lock on the corporate market and nothing here will help the iPhone penetrate the vast consumer market. It's a tech gadget right now.
Posted: Jun 9, 2008
Jimmy
(Unregistered)
camera on iphone is terrible. plus the new rate plan costs $200+ more over the life of the contract. this is a step backwards. Unless Apple opens up it's going to get killed by Gogle Android.
Posted: Jun 10, 2008
Jeff Scholes
(Unregistered)
I have never been an Apple-lover (I wish that I had when the stock was lower), but the two comments above are both dead wrong.
Nobody disputes the fact that the iPhone is a revolutionary device. The new iPhone takes it to a different price point (destroying Motorola, Samsung and Nokia) and solves the security issue with email (which will ultimately destroy Rimm).
Jimmy's comment is absurd. Google Android is nothing but an idea. As the CEO of Nokia said - they could have made that announcement 5 years ago.
Posted: Jun 10, 2008
The new iPhone's pricing is a gimick. It costs $40 now for a data plan which is as much as I pay for my home Internet service. Way too expensive for the average user. For corporate use, the Iphone still doesn't have all of the features of RIMM.
Posted: Jun 10, 2008
"Jimmy's comment is absurd. Google Android is nothing but an idea. As the CEO of Nokia said - they could have made that announcement 5 years ago."
I don't think so. Look for Android phones to start shipping in th fall. Ask any developer what they think of iPhones and they will tell you it's an awful, locked down environment. The iPhone doesn't allow multiple applications to run at the same time, a big problem.
Apple sold 6 million iPhones to date which is still a drop in the bucket.
Posted: Jun 10, 2008
Like me, Apple has done a great job building their brand. They could sell ice to an Eskimo and be successful.
Posted: Jun 11, 2008
