With considerable fanfare, France Telecom's
That number may pale in comparison to the 270,000 iPhones sold in one weekend in the U.S. when AT&T
Orange also noted that 20% of purchasers were willing to pay an additional $220 not to lock the phone into a long-term contract. On top of that, some 1,500 were willing to pony up roughly $950 to buy the device with no service plan at all -- theoretically, in hopes of activating the device with some other carrier.
Orange also noted that of the 30,000 new French iPhone owners, 48% activated a new line with Orange. Much like the boost that the iPhone brought AT&T in U.S. subscriptions, the iPhone thus far seems to be a good tool to help Orange steal customers from its rivals.
While early indications suggest that the iPhone will be a popular device no matter where it's sold, more telling information will come for investors after the holidays, when the iPhone's ability to compete against other smartphones will become clearer. Devices such as the N95 from Nokia
The iPhone will have a greater impact on the industry -- and investments in individual wireless companies -- in the degree to which it can expand the market to new audiences, rather than just taking away market share from other device makers. I'm guessing that Apple and the iPhone are doing more of the former than the latter. If I'm right, even direct competitors should be happy in the end.
For more Foolishness:
High-quality, high-yielding companies such as France Telecom have helped the Motley Fool Income Investor service beat the market by five points on average. To see all the companies that have made the cut, and how they have performed, take a free 30-day trial.
Fool contributor Dave Mock has never heard himself snore. He owns no shares of companies mentioned here. Dave is the author of The Qualcomm Equation. France Telecom is an Income Investor recommendation. The Fool's disclosure policy knows when you're sleeping and awake. Creepy, huh?