It’s a stunning box, a wizard object with a passel of amazing features (It’s a phone! An iPod! A Web browser!). But for all its marvels, the iPhone inaugurates a dangerous new era for Jobs. Has he peaked?
Apple’s competitors, by contrast, find the prospect of the iPhone terrifying. “The entire fucking Western world hopes that it’s a case of imperial overstretch,” says the CEO of one of the planet’s largest communications companies. “But everybody is quietly saying, er, what if people want to buy a $500 phone? What if, er, people have been waiting for a device that does all these things? What if this thing works as advertised? I mean, my God, what then?”
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