“AT&T confirmed fears that widespread corporate layoffs would eventually cut into Research In Motion’s BlackBerry growth,” Scott Moritz reports for TheStreet.com.
“On an earnings call with analysts Wednesday, AT&T said ‘we’ve seen some reduction in company-paid wireless devices,’ particularly at large businesses. There’s really only one company-paid wireless device that fits that description: BlackBerry,” Moritz reports.
“This is negative for RIM, JPMorgan analyst Ehud Gelblum wrote in a note Wednesday. Gelblum put a sell rating on RIM last month, citing, among other things, rising unemployment that could cause BlackBerry growth to ‘slow considerably and potentially even fall,'” Moritz reports.
“AT&T had more favorable news for Apple fans, saying it activated 1.6 million iPhones in the quarter, down from the 1.9 million in the prior period, but still solid,” ” Moritz reports. “But this would be the first time AT&T ever talked about a slowdown associated with RIM.”
Full article here.
[Thanks to MacDailyNews Reader “Robert S.” for the heads up.]