If Apple hadn't announced the 3G iPhone today, its share price would no doubt
have tanked sharply: this was one of the most anticipated launches in recent
memory and has had Apple fans salivating for weeks. The new iPhone checks
most of the boxes the various rumors had suggested it would - 3G, GPS,
Exchange and VPN support, and so on. It didn't get any bigger - it still tops
out at 16GB, half the storage of the largest iPod Touch - but most customers
probably won't mind that too much.
Up to this point, the iPhone has been a device for gadget fanatics and big
spenders, while shortcomings like the price and lack of 3G have limited the
addressable market considerably. By adding 3G, GPS and enterprise support and
lowering the starting price, Apple has just dramatically expand... (more)