Apple is about to further diversify its suite of products and expand in the wireless market. If this iPhone is as successful as the iPod, Nokia and Motorola have some strategizing to do.
Implications - Since Apple came out with the extremely popular iPod five years ago, it's no wonder that they would soon delve into the world of cell phones. Apple has sold over 67 million iPods and has definitely revolutionized the portable music industry along with its iTunes online store. The Apple Chief Executive Steve Jobs has recently stated that the company is planning to come out with its very first phone as early as January 2007. People are definitely going to line up around the block to get their hands on one!
Apple iPhone
New Killer Phone in the Works
Trend Themes
1. Wireless Diversification - Apple's move to expand into the wireless market offers disruptive innovation opportunities for companies to diversify their product offerings and meet the growing demand for wireless technology.
2. Tech Convergence - The development of a new iPhone by Apple shows a trend towards the convergence of technology products, presenting opportunities for companies to innovate and incorporate multiple functions into single devices.
3. Mobile Revolution - The introduction of Apple's iPhone signals a shift towards a mobile technology revolution, providing companies with opportunities to innovate and contribute to the growth of the mobile market.
Industry Implications
1. Wireless Technology - The launch of Apple's iPhone presents opportunities for the wireless technology industry to expand and offer new and innovative products to meet the growing demand for wireless capabilities.
2. Consumer Electronics - Apple's continued innovation in the consumer electronics industry offers opportunities for companies to stay relevant and compete in a rapidly evolving market.
3. Music Streaming - With Apple's success in the portable music industry and iTunes store, the iPhone's release offers opportunities for companies to incorporate streaming music services into mobile devices and enhance the overall user experience.