The Luxury Bauble Turns Five

Jim Dalrymple has a selection of quotes from around the time the iPhone was introduced. This is possibly my favourite one, from Matthew Lynn at Bloomberg:

“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… Apple is unlikely to make much of an impact on this market… Apple will sell a few to its fans, but the iPhone won’t make a long-term mark on the industry.”