Google CEO Eric Schmidt is a very smart guy. He’s is also absolutely giddy over his new iPhone. As a member of Apple’s board of directors, Schmidt got his very own iPhone and is anxious to show people. In this video (found via iPhone Alley), Schmidt shows off his iPhone at the World Economic Forum.

But besides his iPhone demonstrations to the audience, he also talks a lot about the new type of business, powered by phone technology. His so called: “Phone to phone to phone viral network” and the effects of emergent distribution markets is just another reason why Apple may have tapped into a market just at the right time.

[Via iPhone Alley]