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Price not a factor

Apple can charge pretty much any price for this phone for the first few months, there will be a steady stream of people for whom price is irrelevant, they will pay anything to get their hands on 2007s "must have" fashion accessory.

The iPhone is the one product where I can realistically see Apple only seeing modest returns on. It will sell regardless of its limitations (no third party apps, no GPS or external bluetooth GPS, etc). The iPod, iMacs, Powerbooks, etc have their own segment of the market, and in some cases they've cornered it. With the iPhone Apple is taking on a well-established market with big players like Symbian, R.I.M (Blackberry) and of course Microsoft (Windows Mobile) who have all had extensive experience honing their software according to real-World consumer demand.

It'll sell out though, and go for ridiculous amounts on eBay - those people who "want to be different" by buying Apple products are nothing if not uniformly predictable in their actions & purchasing habits.

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