The real value of recently announced iphone2 is not its snappy 3G speed, nor its more affordable price of $199, nor that it's going to be available pretty much everywhere on the planet (save for China). The most important thing is the app store and SDK Apple released for the iphone.
Iphone app store together with $100M iFund will change the online world! As tens of thousands of the developers around the world start developing the applications, iphone will become the device of the choice to connect to the internet.
Look what did apps do to Facebook! Millions of people spend countless hours playing games, poking friends, challenging friends on movie trivia and such. iphone will be one level up.
There are already games written specifically for iphone. There are apps to locate your friends nearby. This is just the tip of the iceberg. 20 million affluent users addicted to internet will spur all kinds of innovation in SW, especially when the forum is so open and hassle free. Apple takes care of hosting, distribution and revenue collection for the app owners.
This will give a much sustainable moat to iphone, making it almost impossible to replace. iphone will be the only handheld device people will have/want to have.
5 years from now, people will look back and think oh so, that's why Steve Jobs was selling iphone2 for half the price of iphone.
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