First iPhone setup

It’s January 2007…Apple’s about to release their first-ever cell phone, rumored to be called the iPhone. There have been so many Apple whispers over the last couple years that it’s hard to keep track. Remember when everyone said Apple would buy a music label?

What isn’t hard to keep track of is how Apple’s stock has done since Steve Jobs returned in August of ‘97: it’s up more than 1600%. The market has bid up Apple almost 50% in the last six months and with good reason; the iPod is a monster hit and has obliterated every other mp3 player from the market.

But Apple isn’t without missteps. You bought a Rokr in 2005, Apple’s phone collaboration with Motorola, when renewing your Cingular contract. Blackberry and Nokia are already established giants in mobile devices, with enterprise and global consumer bases. Apple has always been a niche player in computers–and smartphones are a totally new market for them and everyone else.

Apple Inc.

Source: MSN Money

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