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iPhone’s Effect In The Market

After months of waiting, the Apple iPhone has already been introduced to the market. And Steve Jobs, CEO of Apple, is saying that the iPhone is going to give its owners the ability to own two gadgets – a mobile phone and an iPod – in just one.

But how does this affect the market?

Samsung, one of the giants in mobile phone production, says that the iPhone can spurt out a new kind of growth when it comes to smart phones belonging to the high end. And in this sense, it could also open up a new kind of market which could give other mobile phone makers a chance to expand their range. In fact, Samsung does believe that the iPhone could, in a way, help the company’s sales. “Still we have an opportunity,�? replies Kim Jeong-han, SVP of Samsung’s telecomm deparment, for he believes that the release of the iPhone “means demand will be created�?.

[Via SmartHouse]

[Image from Scientific American]

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Posted in Apple, News on January 17th, 2007

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