After a fair few months of speculation Apple has finally announced its iPhone. Comparing this device to the N800 mentioned a couple of posts ago makes the latter look even more overpriced. According to Jobs' keynote speech Apple's iPhone seems to offer almost everything the n800 does and a whole lot more for US$499 for the 4GB storage model (recall that the N800 has a mere 128MB built in flash).

Of course we will have to see whether Apple can actually deliver, and it isn't due to really ship until July, but it is no surprise that dedicated smartphone vendors such as RIM had a bad time on the stock market yesterday. In theory Nokia should be able to build a similar product and have a massive cost advantage when it does but recently Nokia has seemed to go down the Microsoft route of ever more features rather than the sleek UI of Apple.