“Research in Motion was downgraded to a hold from a buy rating Tuesday morning by Needham & Co. In a note to clients, analyst John Lynch cited the introduction of the iPhone from Apple Inc. as a ‘potential game changer’ that tempers his expectations for RIM’s consumer market,” Dan Gallagher reports for MarketWatch.
“‘…We do think the iPhone has the potential to impinge on RIM’s Pearl-led push into the consumer space,’ Lynch wrote,” Gallagher reports.
Full article here.
Related articles:
RealMoney: Apple just blew up the whole damn mobile-phone supply chain with its new iPhone – January 11, 2007
eWeek: Apple iPhone fallout: ‘They must be crying in Nokia-ville and other telephony towns today’ – January 10, 2007
Jefferies downgrades Motorola on fears of market share loss to Apple iPhone – January 10, 2007
Time: ‘iPhone could crush cell phone market pitilessly beneath the weight of its own superiority’ – January 09, 2007
Apple debuts iPhone: touchscreen mobile phone + widescreen iPod + Internet communicator – January 09, 2007
Some downgrade. RIMM is up $2.98 a share and AAPL is down about $0.98 per share. I think the traders must be dyslexic.
With the new interface…will it still be blood on the click wheel?
But it doesn’t even have a keyboard; it can’t possibly succeed! Plus, the battery life is only long enough to make one phone call, the interface is deliberately confusing, it costs 10x as much as smartphones with equal or better features, and its data transfer is the slowest out of any smart phone available! And, it’s a total blatant rip-off of that LG phone, so between LG and Cisco the iPhone will soon be legislated out of existence! Now, excuse me while I go order some more chairs.
blood on the touch screen…?
no, it’s blood on the touch screen
The Blackberry Pearl is brand new and looks dated compared to iPhone. I think iPhone is a bargain at $499 and $599 for what it is and does. I paid $500 for my RAZR when they first came out and it isn’t even in the same league as iPhone.
Way to take on R.I.M., Jobs!
what a “RIM” job..go Apple!
I don’t mean to be pedantic, but shouldn’t it “More Blood on the Multi-Touch Screen”?
What if, big if, Nokia died ’cause of Apple. Would Multi-Touch be hanged, shot or poisoned, after being found guilty of crimes against humanity (killing all Nokia phones)?
Just my 0.1 cents 😀
Downgrade based on some vaporware? Ha ha. RIMM is a buy now.
@ UH OH: You need to go back to school and learn the definition of vaporware.
“The Blackberry Pearl is brand new and looks dated compared to iPhone. “
The Pearl is ugly but it is smaller than the iPhone, almost half the weight of the iPhone, is usable single handed, does more, costs a third of the price and is available today.