Let’s talk about the Apple iPhone announcement for a minute, since nobody else is. I’ve been following the news like everybody else and got to wondering who is the big winner since the product announcement?
Apple is obviously a big winner since everybody on the planet has stated they plan to get one in June.
Cisco may be a big winner if the lawyers get their way.
iPod accessory makers may be a big winner since it’s reported that the iPhone has the same connector as the iPod.
Cingular is definitely a big winner since they have an exclusive deal with Apple to provide the iPhone service.
But the biggest winner of all in my opinion is AT&T. Why AT&T? Remember they merged with BellSouth and got Cingular in the bargain, in fact the handing off of Cingular to AT&T takes place next week. Talk about being in the right place at the right time! For this reason I am naming AT&T as the biggest winner of all in the iPhone hoopla. Apple may make a mint selling iPhones but AT&T is going to be signing all of those owners up for service, probably with a two year commitment. Expect AT&T stock to soar when the iPhone starts shipping.
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