Apple Online Store “Technology shares weighed on the U.S. stock market Friday after Research In Motion Ltd.’s disillusioning outlook,” Kate Gibson reports for MarketWatch.

“After a six-week run-up, shares of the BlackBerry maker lapsed more than 17%, with analysts voicing worry about the company’s expectations. At least three brokers trimmed their view of the stock,” Gibson reports. “Apple Inc. may be stealing market share from Research In Motion, but the latter’s results are particularly disheartening because they make end demand for its products ‘look questionable,’ said Nick Kalivas, MF Global Research.”

Gibson reports, “Research In Motion aside, the estimated earnings growth for the overall S&P 500 for the third quarter now stands at negative 24.7% compared with an estimated growth rate of 20.9% on July 1, according to Thomas Reuters.”

Full article here.

MacDailyNews Take: RIM is the new Dell.

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