Bloomberg in 2007 after the release of the iPhone: “Apple will sell a couple of devices to its fans, but definitely will not make a revolution in the market”

    Many of the Habr’s users often faced criticism of their start-ups and ideas, and they probably know how hard it is sometimes to restore faith in yourself after that and continue to move on. This amusing article from Bloomberg once again shows that most analysts and critics often look only to the past, not the future.
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    The figure shows a graph of Apple stock prices since the publication of the article, and under the cut a couple of quotes from the article itself.

    “The iPhone is nothing more than an expensive toy designed for a pair of gadget freaks. In other words, the revolution in the iPhone industry will be affected last. ”

    “The iPhone will not affect the basic structure of the industry and will not solve many of the challenges and problems of the mobile technology industry.” - Charles Golvin, Forrester Research Inc.

    “The mobile phone industry is very dependent on interactions with large carriers. Phones are often sold immediately with contracts (the operator finances sales in order to recapture money at expensive rates in the future). So far, Apple has not shown itself in working with networks on the good side. If anyone could do it, it would be Microsoft Corp. "

    " Even if you look from any other side, this is shame and shame. The mobile phone industry has become an extremely convenient combination for network operators and a handful of small manufacturers. There must be a radically fresh look in order to join this business.

    This could be some kind of extremely new startup. How about an inexhaustible phone battery? Well, or at least so that it weighs not 3 times heavier than the phone itself? That would be a breakthrough.

    But Apple did not. She, of course, will sell a couple of devices to her fans, but she certainly won’t be happy with the revolution. ”The

    article itself can be found here .

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