Mossberg’s First Cut at 3G iPhone

Thank god that is over. Steve Jobs wants you to trust him, and not second guess the subsidies and features. It would appear that the supply chain issues are for real, and the second quarter should be a clunker of sorts for the phone.

Not a big deal longer term, but the trade from the long side was in Research in Motion (RIMM-NASDAQ), as many had surmised.

Of course, a rally in RIM, coming at Apple’s expense, is the nightmare scenario for Apple bulls, especially given how much trash talking they have been doing. Perhaps the geeks need to be introduced to an old saying, that may or may not have originated on Wall Street. 1440 Wall Street

Walt Mossberg seems to be on the fence and is taking his first cut at the 3G iPhone, and will have a full review later.

The Biggest Pluses
Speed: Because the biggest problem with the original iPhone was the slow AT&T (T) network, moving the device to the much faster 3G network, while no surprise, will have a huge impact. This is especially true since data already show that it is by far the most heavily used smart phone for Web surfing. It means that you won’t have to search for a Wi-Fi network to do decent Web surfing.

The Biggest Minuses
Still missing some features: They haven’t added a real way to cut and paste, or to save files, other than emailed photos. And there still isn’t any MMS capability–the ability to instantly send or receive media files over the phone network without resorting to email. There’s also no instant-messaging program, though third-party developers are likely to offer these.

This iPhone is going to be awesome, but you might have to wait for its 3rd version before you really get what you want.

Read his full review at the link below

The 3G iPhone: First Impressions
Mossblog

Here is a two-fer review, Engadget and Gizmodo at ars technica

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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. No Positions

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