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!