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Verizon also is upgrading its network to a higher-speed technology, so Apple has said it believed CDMA was a short-term technology.
WSJ: Two New iPhones Coming; One May Be Aimed at Verizon
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Intel has had difficulty keeping up with demand for its higher speed Pentium IIIs, particularly its Coppermine processor, a 733 MHz Pentium III chip.
BBC: Fastest PC chip unveiled
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At the same time, Elop implied that he was holding Nokia employees to a higher standard, particularly regarding speed to market, which Nokia has been criticized for in recent years.
FORBES: Nokia CEO Clarifies Battle Against Android, Clears Up Misconceptions
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The business has taken off rapidly since Apple introduced a model last July with higher-speed Internet access and the introduction of the App Store, which gives users access to thousands of games, entertainment software and other applications.
WSJ: Apple to Give Glimpse of New iPhone Software
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Sprint has started to offer Samsung's Instinct, which seeks to trump the iPhone with a higher download speed, better video, picture messaging, navigation and applications, plus a battery that can be removed.
ECONOMIST: The competition this time will be a lot stiffer