‘Apple Will Sell a Few to Its Fans’

This fine bit of analysis by Matthew Lynn for Bloomberg from January 2007 is worth a revisit, in light of Nokia’s and Motorola’s recent quarterly results:

The big competitors in the mobile-phone industry such as Nokia Oyj and Motorola Inc. won’t be whispering nervously into their clamshells over a new threat to their business.

The iPhone is nothing more than a luxury bauble that will appeal to a few gadget freaks. In terms of its impact on the industry, the iPhone is less relevant.

Motorola just posted an $86 million loss. Nokia lost $1.2 billion (with a “b”).