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Investors Are Not Selling the iPhone News

The cellphone is the MUST HAVE device of the mobile era.

Have you noticed that EVERYONE has a cellphone these days. Even youngsters, who would be called children, now have mobile phones.

And, whether I am in upper-income neighborhood or a very low-income neighborhood, EVERYONE has a mobil phone.

After EVERYONE has a mobil phone, the next thing that happens is feature segmentation and fashion display.

People used to spend $3,000 on a set of flashy wheels for an SUV. Of course, after two years the wheels were bent and dented, but THEY HAD TO HAVE WHEELS!

A $2,000 expense over two years is accepted today,

The Apple iPhone will be THE mobil phone to have, use, and display. ESPECIALLY for something that you CARRY WITH YOU, almost like jewelry.

Approximately 1.1 billion mobile phones were sold last year. In five years, annual mobile phone sales are expected to reach between 3 and 4 BILLION units.

I see Apple as getting a large part of that business, because, after voice, EVERYONE will want easy and consistent internet access.