One drawback of the iPhone is that distribution will be limited to Apple and AT&T corporate stores, with absolutely no discounting.

By contrast, other phones are offered through AT&T’s authorized agents (including local cell phone agents, chains like Radio Shack, and online stores like wirefly.com). A more accurate comparative price would reflect this reality, where for example, the Blackjack can easily be found for free — not $199.00.

When reviewing other types of consumer electronics items, Walt usually talks about the “street price.” I’ve never understood why he doesn’t do the same thing with regard to cell phones.