Here is a quick list of cool features of the iPhone that are confirmed to not be in the first version:

• Songs as Ringtones
• Games
• Any flash support
• Instant Messaging
• Picture messages (MMS)
• Video recording
• Voice recognition or voice dialing
• Wireless Bluetooth Stereo Streaming (A2DP)
• One-size-fits-all headset jack (May have to buy an adapter for certain headphones)

Along with this list:

Stuff we already knew it didn’t have
• 3G (EV-DO/HSDPA)
• GPS
• A real keyboard
• Removable battery
• Expandable Storage
• Direct iTunes Music Store Access (Over Wi-Fi or EDGE)

This iPhone thingy is looking better and better everyday. Thats what I would say if I was lying.

[Via Gizmodo]

1. Eric B says:
   June 27th, 2007 at 5:59 am

   Judging by today’s selloff, I think potential customers are starting to realize how expensive the iPhone will be. If you sign the mid-range $99.99/mo service plan after purchasing the 8GB iPhone model, that alone will set you back $3000 during the two-year contract (without any accessories)!

   Here’s a few other potential hurdles that could prevent the iPhone from exceeding its already lofty expectations:

   * You must be an AT&T customer to use the iPhone. With a market share of 20%, that means 80% of wireless customers must cancel their current contracts to sign with AT&T. Being a Sprint customer, I would have to pay a $175 cancellation on top of the $3000 price tag for the iPhone. AT&T’s exclusive contract runs through 2009.
   * Only 4 & 8GB of hard drive space? My tiny video iPod holds 30 GB for less than $200.
   * Recent surveys have shown that the majority of IT departments will not even consider the iPhone due to its PC incompatibilities & exclusive AT&T contract. That will dampen business spending & all but eliminate demand for the higher-tier contracts.

   This is the ultimate “sell the news” scenario. On Jan 9th 2007, Steve Jobs announced the iPhone at the Macworld Conference & Expo. The stock has since been on fire rising 50% to $125, adding $30 billion to the company’s market capitalization. Will the iPhone really hold that much value for Apple? This huge runup comes after a fantastic finish to 2006 after Apple’s stock bottomed out at $50 in October. Thus, nearly everyone holding Apple is sitting on huge gains.

   Expect an Apple selloff on Friday when the iPhone is finally released. 3 similar mini-selloffs have occurred during this recent runup:

   * June 26th: Apple announces 6 AT&T service plans for the iPhone. The stock drops 3% on investor concerns over the high prices.
   * June 11th: Steve Jobs shows off the iPhone at Apple’s World Wide Developer’s Conference. The stock falls 5% after investors saw no “surprises”.
   * March 20th: Apple beats 4th quarter analyst earnings & revenue estimates. The stock falls on profit taking.

   Apple’s recent success has created impossible expectations. With all the mega-hype already priced into the stock, just meeting expectations will create a selloff. I plan to sell tomorrow and buy back in a couple months. Longer-term investors need not worry because the future looks bright with Macs gaining market share & the iPods continuing their dominant foothold on the music industry.

2. L.T. says:
   June 28th, 2007 at 12:04 am

   It’s decent as a phone, passable with internet, excellent with music. I’m waiting for gen-2.