A Boon for Apple, a Chance for Rivals

S&P predicts iPhone sales won't disappoint, but shoppers turned off by long lines or high prices will snap up Palms and BlackBerrys

Consumers have been lining up at Apple (AAPL; recent price: $120; ranked 4 STARS, buy) and AT&T (T; $40; 3 STARS, hold) retail locations for the June 29 release of the much-anticipated iPhone. AT&T is the iPhone's exclusive distributor and wireless carrier.

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