When predictions go wrong: iPhone

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aRelVKWbMAv0

Some favorites:

The big competitors in the mobile-phone industry such as Nokia Oyj and Motorola Inc. won’t be whispering nervously into their clamshells over a new threat to their business.

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.

There are three reasons that Apple is unlikely to make much of an impact on this market — and why it is too early to start dumping your Nokia shares.

…ok I need to stop before I paste the entire article.