It is not enough that Apple (AAPL) is getting more aggressive with prices on its iPhone to take market share from the likes of Nokia (NOK) and Motorola (MOT). Now, Hewlett-Packard (HPQ) want a piece of the smartphone market.
It has introduced a new 3G enabled device called the iPAQ 600 Series Business Navigator will compete with high-end offerings from firms like Palm (PALM).
The market is too crowded, so this venture may be one of HP’s few failures. The business market, where the product is aimed, already has RIMM and PALM. Rumors are that Apple will introduce a business version of the iPhone.
HP should spend its efforts elsewhere.
Douglas A. McIntyre
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