Saturday, June 14, 2008

Hitching a ride on the iPhone Boom

2 examples of successful piggyback business This company in St. Petersburg, Fl. has just 2 employees and in 2006 reported revenues of $450,000. Core Cases has been developing and selling metal cases for consumer electronics since 1999. Now the tiny company is designing at least six products for the iPhone, including what it calls the "fusion case," which uses a combination of metal and other materials to protect the phone. It expects to sell about 25,000 of these cases, helping double revenues this year. Singapore-based IStyles has 8 employees and 2006 revenues under $300,000 and has been making and marketing iPod fashion accessories for the last three years and just launched a new collection of sleeves to hold the iPhone. The company, which relies mostly on wholesale and e-commerce sales of fashion accessories for various gadgets, also intends to launch patterned skins for the iPhone once the device is released. "We can't estimate the success of the device, but if the iPod is any indication, Apple will soon be a dominant player in the mobile-phone market by the second or third revision of the iPhone, and we want to be in on the bandwagon starting from revision one," says Ming Keong Kuan, the business's director.