“There’s a new book out on BlackBerry called Losing the Signal. I listened to an interview with the authors Wednesday,” Eric Jackson writes for Real Money. “It prompted me to go back and see where the stocks prices of Apple and BlackBerry were on Jan. 9, 2007. I realized that, since that intro, Apple’s stock price has increased by 10 times, while BlackBerry’s has declined 93%.”
“The iPhone was the right product from the right company at the right time. Mobile was just about to take off. We didn’t know that in 2007, but Apple did. It got its product out there and then iterated,” Jackson writes. “We trusted Apple to get it right over time. We were willing to accept it in the early days when the experience wasn’t perfect. It reminds me of people complaining about the Apple Watch today.”
“One of the smartest responses to the introduction of the iPhone was Google’s. It had been working on a BlackBerry-copycat version of Android. Google quickly changed tack to copy the iPhone. It ended up selling all the low-end phones in the market previously sold by Nokia (NOK). It was successful in gaining adoption,” Jackson writes. “Yet, since the iPhone introduction date, Apple’s stock is up 989% and Google’s is up 121%, barely more than the Nasdaq, which is up 111%. Google has merely treaded water since 2007 with the market. All credit seems to go to the market victors, not the market also-rans.”
Read more in the full article here.
MacDailyNews Take: Beleaguered BlackBerry doesn’t even merit the title of “iPhone also-ran.” It became “iPhone roadkill” long ago.