Jefferies downgrades Motorola on fears of market share loss to Apple iPhone

“Motorola Inc. was downgraded at Jefferies & Co., which said the world’s second-biggest mobile-phone maker may not be able to sustain its handset market share in the U.S. when Apple Inc. launches its new iPhone in June,” Jeff Kearns reports for Bloomberg.

“Apple’s new iPhone ‘stands out as a new iconic product that could capture a big share of carrier promotional budget in the U.S.,'” Jeffries analysts wrote, Kearns reports.

Jeffries “lowered Motorola’s rating to ‘hold’ from ‘buy,’ [and expects] Motorola shares to reach $20, down from a previous estimate of $27.”

Full article here.
One can only imagine the sinking feelings that executives at Motorola, Nokia, Microsoft, Palm, and many other companies started experiencing during Jobs’ unveiling of the iPhone yesterday.

Related articles:
How Apple kept the iPhone top secret for 30 months – January 10, 2007
Hands-on with Apple’s iPhone – January 10, 2007
The only thing really wrong with Apple’s iPhone is its name – January 09, 2007
Is Apple building ‘The Device?’ [revisited] – January 09, 2007
Analyst Bajarin: Apple’s iPhone and Apple TV are industry game changers – January 09, 2007
Time: ‘iPhone could crush cell phone market pitilessly beneath the weight of its own superiority’ – January 09, 2007
Analyst: Apple iPhone should be given its own category – ‘brilliantphone’ – January 09, 2007
Cingular to use Synchronoss Technologies’ platform for Apple iPhone – January 09, 2007
iPhone photos from Apple’s Macworld Expo booth – January 09, 2007
Enderle: Apple’s iPhone is going to do very well – January 09, 2007
Apple debuts iPhone: touchscreen mobile phone + widescreen iPod + Internet communicator – January 09, 2007

21 Comments

  1. Hey Incredible,

    My brand new Palm 700P has only a 4.5 hour estimated battery life. Less than the iPhone. I have yet to find myself fumbling for anything. I would like to see a longer battery life but it is better than its competitors already.

  2. And the latest version of Lotus Notes is available for Mac OSx. The corporate world will be able to quickly adopt iPhone into their environments and leave RIM and exchange servers and their added expense behind. Pity the poor IT manager who stands in the way of the iPhone steamroller. And once introduced why not other Macs?

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