At today’s MacWorld Steve Jobs introduced the Apple (NASDAQ:AAPL) iPhone. During the iPhone introduction, Jobs stated that the iPhone is going to be another revolutionary device released by Apple. The iPhone is going to redefine the way smartphones operate and according to Jobs is five years ahead of its time, while acting as the most advanced iPod, a revolutionary phone, and a breakthrough internet device.
A look at the way the market reacted in terms of this “futuristic” device is pretty interesting. Motorola (NYSE:MOT) who produces the Motorola Q smartphone, Nokia (NYSE:NOK) who produces enterprise phones and multimedia phones, based off of the Symbian OS, Palm (NASDAQ:PALM) who produces the Treo line of smartphones, and Research in Motion (NASDAQ:RIMM) who produces the Blackberry line of professional communications devices, all acted negatively to the news of the Apple iPhone.
Additionally Apple, will be dropping the word “computer” form Apple Computer, Inc. and will become known as Apple, Inc. as they move deeper into the consumer electronics market.
