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Despite Buzz, Many Wait For iPhone 2.0

  • Reuters, Tuesday, June 26, 2007 11 AM
The iPhone may boast a dazzling array of new features--from wireless Internet to 8 gigs of music and photo storage--but it all comes with a price tag every bit as hefty as Sony's flopping PlayStation 3, the world's most powerful video game console.

It also does not work on AT&T's faster 3G network, which will make Web browsing slower when consumers aren't connected to a Wi-Fi network. Kate Rockwood, 24, a graduate student at Northwestern University, wanted an iPhone, but won't be getting one, citing a desire for a faster network speed and a longer battery life. She's happy to wait until the next round of iPhones. "To me, that's a $600 gamble," she added.

Battery life, the 2G network and the inevitable prospect of first-round glitches are why many choose to watch and wait. Industry analysts and executives understand this, too, "Just like you don't buy the first model year of a car, you might not want to buy the first version of the iPhone," said Todd Dagres, a partner in the tech-oriented VC firm Spark Capital.

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