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The iPhone [5] (retroactively referred to as the iPhone 2G [6] or iPhone 1 [7]) is the first iPhone model and the first smartphone developed and marketed by Apple Inc. After years of rumors and speculation, it was officially announced on January 9, 2007, [8] and was released in the United States on June 29, 2007.
The original iPhone, which debuted in 2007, was a revolutionary entry into the smartphone scene. While prices on the secondhand market for the first gen iPhone vary, an unactivated one is selling ...
On September 5, 2007, the 4 GB model was discontinued, and the 8 GB model price was cut by a third, from US$599 to US$399. [70] Those who had purchased an iPhone in the 14-day period before the September 5, 2007, announcement were eligible for a US$200 "price protection" rebate from Apple or AT&T.
In 2008, the iPhone reached 1.1% of worldwide mobile phone market share, [205] and 8.2% of the smartphone market. [206] During this time it was quickly becoming relevant in North America, and in market share was ranked second in the U.S. in 2009, behind the BlackBerry ; [ 207 ] in 2010 the iPhone 3GS was the best-selling smartphone in the U.S ...
The iPhone, developed by Apple Inc., is a line of smartphones that combine a mobile phone, digital camera, personal computer, and music player into one device. Introduced by then-CEO Steve Jobs on January 9, 2007, the iPhone revolutionized the mobile phone industry with its multi-touch interface and lack of physical keyboard.
If Apple's stock falls to a P/E ratio of 30, the stock price would need to decline by nearly 30%. A P/E ratio of 25 (around the S&P 500's valuation) would imply a fall of more than 40%.