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AAPL up over 7% -- sure, I want an iPhone too

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"Oh, nice!" I groaned when I first saw the pics and heard of the features of the iPhone. It's like they thought of me, I thought. It's as if, when the designers over at Apple Computer Inc. (NASDAQ:AAPL) designed the phone, they actually had people in mind, actual breathing and living people, not just consumers. But isn't this exactly what Apple always did best?

Let's see:
  • Multi-touch screen - check. I'm a horrible texter and I'd love to be able to avoid clicking on those tiny buttons altogether. And that touch screen -- no need for stylus, I can use my fingers -- yay!
  • Automatic synch - check. Updating my Palm is always such a chore, this would be sweet.
  • What else? 2-megapixel digital camera, SIM card, shows 4 or 8GB on the screen, 3.5-inch screen, proximity sensor (bring the iPhone to your ear and your display shuts off and touchscreen shuts down), web browser, push email ... - check.
  • Price tag - $499 or $599 - a little pricey, but not that bad considering the features.
  • Small - All that and small? You gotta be kiddin' me. Of course I want one.
I was worried about the name when I found out Cisco Systems Inc. (NASDAQ:CSCO) owns the rights to it. No need. Apple will call it the iPhone and it either signed an agreement or is about to sign one with Cisco.

If early in the morning a colleague thought the iPhone won't work, then I'm here now to say, Apple came (to MacWorld), Apple showed (the iPhone), Apple conquered (or definitely will). The iPhone is, by all accounts, revolutionary!

So while Apple stock is up over 7.5%, Research in Motion Ltd. (NASDAQ:RIMM) shares are down over 7.5% and Palm Inc. (NASDAQ:PALM) shares are down 5%.

From our sister blog, engadget, the live coverage of CES and MacWorld.

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Last updated: November 11, 2009: 11:28 AM

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