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Gene Munster – Piper Jaffray
So when you go from exclusive to multiple carriers, you wouldn’t necessarily see change in pricing that you are charging the carrier? Is that correct?
Timothy D. Cook:
That’s correct.
I laughed hard at this, it's more the other way around. Apple is 2 years behind on hardware, and it's software is starting to age too. There's little that iPhone has to offer over Android 1.6
Really, the iPhone may be great and all, but it's not all that different between variations. If a phone gets the multitouch down, along with the ease of use, pretty much the only thing that would truly separate the phones would be the apps. And while I don't see any of these phones getting 85,000 anytime soon, open sourcing could be a subsitute for many.
Apple loyalty is a strong factor, but AT&T hate is almost as strong. Even if a phone is only 90% what the iPhone is, there may be a lot of people willing to make the switch.
Agreed.