Monday, December 08, 2008
Wal-Mart / iPhone Agreement = Historic Moment for Apple
The partnership should help Apple (NASDAQ:AAPL)and AT&T (NYSE:ATT) take a giant step forward in the telecom race.
Wal-Mart's alliance comes only three months after Best Buy joined forces to start selling iPhones, and one month after the first Google' Android supported phone- T-Mobile's G1 phone-debuted the U.S. market.
Unfortunately, the partnership was too little, too late for for 12,000 employees that will be laid off by AT&T . Symbolically, the Wal-Mart agreement marks a significant milestone in Apple's history, because the iPhone has followed the path of its predecessor-the iPod.
Due to popular demand, iPhone has transcended into the middle-class and lower-middle class.As a result, an item once considered a high-end luxury product, will be sold for a price comparable to most of its competitors. If Apple's other products would follow the same route, the company's stock may look more appealing in the midst of our economic slump.
By Matt O'Hern at 02:35 PM | Comments (0)