iPhone Matters
search


RIM’s ratings cut following 3G iPhone release

Posted July 17, 2008 8:01 PM by Cedric Bosch
Categories:

In many ways, the launch of the 3G iPhone was an all-out attack on Research in Motion’s domination of the smartphone market. Apple made the iPhone cheaper, more business-friendly, and continued to tout its superior multimedia capabilities. Needham and Co. analyst Charlie Wolf has cut RIM’s rating to “underperform"- a clear indication that shareholders should sell their RIM stock. Adding insult to injury, Wolf decreased his 2008 earnings estimate from $4.05 to $3.70.

Wolf noted BlackBerry’s two-year growth rates as an indicator that RIM had seized the smartphone market unchallenged. Now, however, he predicts that the introduction of an attractive alternative could send their stock plummeting. 

Permalink | Email This | Comments (3)

Comments

  1. There is no way RIM will be affected by this at all long term. They will end up killing any attempts Apple makes to make it into the enterprise.

    Posted by dale on July 18, 2008 7:35 AM

  2. I beg to disagree with dale.  The iPhone is already entering the enterprise with its tighter exchange integration, enhanced security measures, and ease of development using their sdk.  Making its

    While enterprises are shy to adopt, top tech industry analysis companies such as forrester and gartner are retracting their previous statements about the iPhone not being enterprise material, stating that with the new release of the sdk, enterprise function is finally possible.

    Apple has developed a highly capable platform and has already gotten high adoption rates in just over one years time.  Given another few years(3+), I believe that iPhone in the Enterprise will be commonplace and will dominate a large portion of the market share.

    Posted by devin on July 18, 2008 5:52 PM

  3. I agree with Devin. When Apple gives us a multitouch version of MS Office where we can edit our office doc’s with the ease of the Iphone it will be all over for the rest.

    Posted by Jack on July 19, 2008 3:33 PM

Submit Comments

Commenting is not available in this weblog entry.
Forums | About | Contact | Press | Privacy

©2007 sterndesign, LLC. All rights reserved. All trademarks and copyrights remain the property of their respective owners. Proudly powered by ExpressionEngine. Dedicated hosting by pMachine Hosting