When the iPhone first hit store shelves, Apple was on top of the world. Not only did the company enjoy the biggest product release of the year, its stock price was on the rise, Mac sales were soaring and, for the first time, it looked like Apple might be able to supplant Dell and HP as the proven leader in the hardware business.
But just a few months later, it's amazing how quickly things have changed. Mac sales are still strong, but the iPhone has become the topic of heated debate, Apple has come under fire for dropping the iPhone price too early and too substantially, and its iTunes Store is under attack from content producers and new, formidable competitors.
Could it be that Apple has lost its touch and is doomed to follow the path of Microsoft--loved, highly regarded, then utterly hated? Will the Mac faithful finally lose confidence in the company it feels so strongly about? Even worse, will Apple's two big moneymakers--the iPhone and iTunes--meet an early demise? It could happen.… Read more