Verizon chief not bothered by iPhone threat
Given that Verizon rejected the iPhone, it's not surprising that they're putting on a brave public face, even if in private they may be quaking.
According to Chief Operating Office, Dennis Stringl, the iPhone poses no threat to their business.
"If you're looking at a phone at a $400 or $500 price point, we know from our experience with PDAs, that it's a very small market. It's a niche market. I think what you'll see from us is not so much emphasis on music on a phone but on all the things you can do on your Verizon wireless phone," he told a Bank of America conference yesterday.
He's confident that the iPhone may even boost sales of other phones, a view that some others in the industry agree with.
"We have been struggling in the music business in that to create attention for music on a phone has been something that's been difficult to do," Strigl said. "We feel okay with our music position today. The entry of the iPhone will draw more attention to music on cell phones."
There's no doubt that the iPhone is generating significant buzz throughout the industry.
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