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The key to the iPhone’s success seems to be that each phone a really awesome iTouch with some crappy phone-ware added on. What was missing from today’s presentation was a dropped call comparison between Apple and other (non-Apple) handsets. Even if iPhones drop more calls than other handsets, AT&T is probably happy to take the heat — all the way to the bank.

[Also note that if iPhones are sort of crappy as phones, AT&T willingness to take the heat on connectivity issues may explain Apple's hesitant approach to pushing the iPhone on alternative carriers.]

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