If I See One More Article On The iPhone..

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The iPhone must be the most overhyped piece of technology in the history of mankind.

It launches in stores and online (click on the pictures for the online store link) at 6pm today and promises to ring up huge day one sales.
Then again, the overpriced Playstation 3 also rang up insane sales on its first day and is now rotting on store shelves.

Apple’s stock price has gone up by over 40% since the iPhone’s unveiling, adding 34 BILLION DOLLARS to their market cap!

If sales in the coming weeks don’t match expectations, AAPL may very well come tumbling down.

All this for a phone that:

-Will only be featured on a single US carrier.

-Claims to be a “widescreen ipod”, yet only has a fraction of the memory found in a regular ipod, and does not allow for memory cards.

-Claims to be a “revolutionary phone”, but doesn’t even have a removable battery. That means no spares, and it means that once the life-cycle of the battery comes and goes and it no longer holds a charge, you’re up a creek without a paddle!

-Claims to be a “breakthrough internet device”, yet it runs on the archaic and VERY SLOW 2nd Generation (EDGE) data network. The New York Times reported that just to load yahoo.com took a full 2 minutes. “You almost ache for a dial-up modem.” The iPhone will not be able to be upgraded to a faster, more recent, data network. (Yes, it has wi-fi, but if you are in a wi-fi hotspot, wouldn’t you be using a laptop to be surfing the web? It’s when you leave the hotspot’s that you need fast internet on your phone!)

-Lacks a physical hard keypad for dialing/typing.

-Will require a 2 year contract, yet at $500-$600, will cost more than a top of the line ipod and smartphone together!

In my opinion the iPhone is THE “Jack of all trades, master of none.”

I could very possibly be dead wrong and have to eat my words, but I think that Steve Jobs has finally “jumped the shark”…

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16 Comments On "If I See One More Article On The iPhone.."

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Anonymous

We got a whole lot of people shorting this stock!

Anonymous

I’d love to make phone calls with sticky fingers while eat, on a touch screen.

I’ll bet at&t insisted on the slow data. They’ll have many people using unlimited, and with the slow speed, they won’t be serving to much data at once, and they won’t overload their backbone internet connection. This is nothing more than at&t not want to upgrade their equipment!

Anonymous

Great post, I think this whole thing is a bunch of hot air.

Anonymous

you just angered loads of geeks.

Anonymous

I agree with you…the iPhone is more hype than what it can deliver

DavieJones#1

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Asher O

You missed an important point:

This phone supports no third party applications.

My bet is the ignorant masses will buy it anyway, as a phone is a fashion accessory, and this is (arguably) the best looking phone ever.

Anonymous

It’s “Jack of all trades, Ace of none.”

First comes the iPhone.
Then comes Mashiach.

Mendel S.

Walt Mossberg from the WSJ loved it. Thats good enough for me. People were saying the same thing regarding the ipod when it first came. It was overpriced and wasnt very much different from the other mp3 players that had already hit the market. I dont think they could have been more wrong. The iphone is the first phone from Apple and you can expect that they will follow the same pattern that they did with the ipod. Introduce one, hype it, sell it and then introduce a cheaper one and a then another and then another etc… This will be a multi billion dollar product for Apple.
Regarding shorting Apple stock, I believe that to be a very foolish endeavor. Next gen. ipods and imacs are due in the latter half of this year along with the official leopard launch. Just look at Apple’s market share gains over the last few years, every 1% market share Apple steals from someone else, its a billion dollars in revenue.
If you really want to bet against Steve Jobs, a better idea would be to sell some calls or buy some puts.

Dan

Mendel, I dont doubt that they will improve upon the iPhone in future generations, its just that this gen. iPhone is severely overhyped.

Anonymous

well i think that rabbi jobs had no more jobs for mr jobs so he rushed in to it and yes it is the first phone by apple so give him another chance

Mottel

It looks nice. . .

Anonymous

HOW MUCH MEOMREY DOES IT HAVE

Mordy

I happened to have been in Palo Alto (Silicon Valley, home of Steve Jobs) California for shabbos, and I saw the line of people waiting outside an AT&T store for this toy.
I’m disgusted, to be honest.
One thing to add to your list:
Its misadvertised as a “smart phone”, when the definition requires an Operating System that supports 3rd party software. The iphone has many features, but it is NOT a smartphone by the definition of the term.

I’ve read some reviews of first impressions now that its out, and it seems that its a great next generation ipod video, but falls short of being a good phone.
Voice calls were poor, internet was slow as mollases, and ITS MISSING FEATURES NORMAL PHONES HAVE!
For example, you’d think an mp3 player phone would support stereo bluetooth (A2DP profile) or, heck, mp3 ringtones? Nope… you can’t have an mp3 ringtone on the iphone? Are you kidding me?!
That’s what people said… incredible for a device that costs as much as cheap laptop…

moshe

you eating your words dan????????????????

WAM

now now, why would he do that?

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