Department of Hmm….

In the last quarter, Nokia sold 88.5 million phones to Apple’s 8.7
million iPods.  If the Finns can convince just a fraction of buyers to
spring for music phones rather than iPods, they’ll trounce Steve Jobs
and co.

Read more here.  "Trounce," of course, is a tricky word.  Is the mark-up on cell phones as high?  Would they cut into the iPod market or appeal to different buyers?  Would content suppliers leave iTunes or just sell to both markets?  Here is a good, short piece on the roots of the iPod appeal.

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