Can This Nonprofit Destroy Apple's iOS And Google's Android?

Sam Mattera | DailyFinance | October 14, 2013

Mozilla, the nonprofit behind the popular Firefox browser, wants to disrupt the smartphone industry. It recently released the first update to Firefox OS, its open-source mobile-operating system.

As Mozilla freely admits, it isn't aiming to take on "Fortress Apple " or "Fortress Google ". Still, an alternative platform could eventually pressure the mobile endeavors of both companies, as well as Microsoft . Should investors be concerned?

A platform for the masses
Few consumers in the U.S. will be trading in their Apple iPhones or high-end handsets running Google's Android for a Firefox phone, at least not anytime soon. The first phone running Firefox OS, the ZTE Open, has been described as "crude" and "disappointing," though, as most reviewers are quick to point out, not a lot should be expected -- after all, the phone retails for just $80 off-contract.