The New iPhone

Apple released the details on its new iPhone that is scheduled to hit AT&T stores on July 11th. The look is very similar however it will run on a 3G network which is much faster than the normal EDGE market AT&T has currently. Other features will include a longer battery life and a different style keyboard. The biggest news on the iPhone is the price which is going to be around $200. Comparing this to the original iPhone price of $400 this seems to be a fantastic deal, but my concern is that this price is only for people who sign-up for a new 2 year contract. What about all the people who already have iPhones? For them to upgrade they will be paying a much higher price. There is definitely market share out there but not as much as people seem to think. Doubting Steve Jobs and Apple Inc is not the smartest thing to do, but many people believe the reason the stock price was down yesterday on the release was because this product is not going to be an instant success.

I know people in the past have made disclosures about stocks they own on this blog so I will keep it consistent here when offering opinions on products. I currently own a Blackberry Curve.