Telstra owns the wireless business in Australia.
Since the Apple (AAPL) iPhone may not make it to that market for years, the management at the company does not have much of an axe to grind about the success or lack thereof for Apple’s newest consumer electronics device.
But, a senior executive wants the industry to know that the iPhone does not have much of a chance being a big success. Greg Winn is quoted in The Inquirer as saying that “the iPhone is pretty much doomed. Based on an interview in The Sydney Morning Herald, “he said that Nokia, Motorola, Samsung, Sony Ericsson and ZTE and others will be coming out with devices that have similar functionality to the iPhone.”
This is a minority report on iPhone, but it is hard to believe that Motorola (MOT), Nokia (NOK), and Sony Ericsson (SNE)(ERIC) will stand by and watch their market eaten by Apple. Unlike the iPod which was early to market, the iPhone is up against entrenched competition from larger firms with substantial resource.
Douglas A. McIntyre can be reached at [email protected] . He does not own securities in companies that he writes about.
ALERT: Take This Retirement Quiz Now (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
