It’s only day two after the fact and I’m slowly becoming less and less impressed with Jobs’ announcement. As we noted yesterday, RIM’s stock dropped nearly 8% on the day that will come to be known as the day the world stopped, I think, when the iPhone became reality. Well, a reports came back that investors were acting too quickly, and judging by the market (and with articles like this) we can let you know that RIM’s doing OK and shares were up 3.2% yesterday. Don’t dump ‘em yet, folks. Not yet.
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No doubt that RIM, above all other smartphone vendors, is more insulated from iPhone shock than others.
There is no way this presents any threat to RIM’s core enterprise business. Period.
That being said, if I were Palm, I would be worried…very worried. Their flagship device, the 750, sells for $399, and so the iPhone will only be $100 more and offer so much more. There will be very little reason to buy the more expensive Treo models once the iPhone comes out.
Don’t you just wish you had a big wad of money available to buy up wireless stocks back when the iPhone was released? I know I wish I did.
Sorry, I meant when the iPhone was announced, not released. However, I’m sure there will be another good opportunity when it is released as well.
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