Apple stakes its future on iPhone appeal (Star Tribune)

SAN JOSE, CALIF. – Even for Apple, which has thrived on taking risks, the iPhone represents an audacious bet — possibly its biggest ever. When the new smart phone hits store shelves Friday, the company will have a lot more on the line than success or failure for one product. With a hit, Apple will revolutionize the cell phone industry. It will cement its reputation for creating gadgets whose chic designs and ease of use are so compelling that consumers will pay more for them. And it will create a third, profitable and fast-growing business to add to the Mac and the iPod. A miss, however, c