In Pictures: Five years ago they said the iPhone would be a flop ... Now?

Pundits who got it wrong explain why ... or deny that they did

Brett Arends, financial writer, wrong about the iPhone

On June 29, 2007, financial writer Brett Arends -- then a columnist for The Street, now a writer for The Wall Street Journal -- authored a piece that was headlined, "Five Reasons Not to Buy an iPhone." It begins:

"There is much to admire about the new iPhone. The hardware looks beautiful and the product is apparently smooth and easy to use. It's a terrific achievement for Steve Jobs and the Apple team. So give them their moment in the sun.

"But beyond all the iHype and iMania, let's get one thing clear. The iPhone isn't the future. It isn

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