Mashable explains the influence of the the iPhone: "When we look at the mobile industry, there is a very clear line between what happened before June 29, 2007, and what happened after. I would argue that every major smartphone that has gone into production since the iPhone’s release has, in some way, been a response to the iPhone itself." The iPhone infographic shows that Apple’s stock has nearly tripled over the past four years. The company market cap exceeds that of Microsoft and their revenues are now higher than Microsoft’s -- which was unfathomable just four years ago.
Implications - The release and continued expansion of the Apple iPhone saw an incredible response from consumers in the mobile industry. Cellular devices are no longer for simple communication, but for mapping, cooking, web browsing and virtually anything else fun or functional.