“Exactly 10 years ago today, Apple co-founder and former CEO Steve Jobs took to the stage at the now defunct annual Macworld conference in San Francisco to unveil the iPhone,” Zach Epstein writes for BGR. “Putting an end to years of rumors and speculation, Jobs described the tiny new device as ‘a widescreen iPod with touch controls, a revolutionary mobile phone and a breakthrough internet communications device.’”

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“Reactions in the media were mixed at the time, but reactions from Apple’s rivals were not: the giants of the smartphone industry all laughed off the iPhone as a device that could never compete with industry leaders,” Epstein writes. “Now, 10 years later, smartphone giants have all been toppled. Nokia and BlackBerry have all but exited the smartphone market, and Microsoft’s share of global smartphones sales is practically too small to count. Meanwhile, Apple has grown to become the most valuable company on the planet, all thanks to the tremendous success of the iPhone.”

Read more in the full article here.

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