MobileIron’s stock surges on Apple’s iOS 8 hopes

“MobileIron’s investors have swapped worrying about competing with Apple for hoping they get a little help from the iPhone maker,” Dan Gallagher reports for The Wall Street Journal.

“MobileIron’s stock leapt Monday, having endured a beating last month. The latter owed much to fears about a partnership between Apple and IBM potentially creating a more powerful competitor to MobileIron, which is only seven years old and went public in June,” Gallagher reports. “Businesses use MobileIron’s software to manage their fleets of mobile devices and content across platforms that include iOS, Android and Windows.”

“Investors now seem to be rethinking that judgment following a report from Deutsche Bank that Apple’s upcoming release of iOS 8 may include many enhancements to make it more attractive for enterprises,” Gallagher reports. “A stronger iPhone offering for enterprise customers would boost demand for a service like MobileIron’s, the thinking goes. That it may, but MobileIron’s many competitors realize the same. Besides IBM and BlackBerry, the company also competes with VMware’s AirWatch service, Citrix and Good Technology.”

Read more in the full article here.

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