iPhone market fallout: RIM racked, Palm pounded
If your stock ticker symbol is RIMM or PALM, today would have been a good day to stay in bed. The trend noted in this Engadget post from 2 pm ET kept on going through the trading session, with Blackberry-maker Research in Motion losing nearly 8% on the NASDAQ and 7.7% on the Toronto exchange. Palm suffered nearly as badly, with Nokia and Motorola posting much smaller declines. For the homes of the Treo and the Pearl, "Black Tuesday"
represented a total loss of market value approaching $2.2 billion dollars. Meanwhile, Apple's one-button bounce on the day was a stunning $6.1 billion.Seems that Wall Street got Steverino's message loud and clear; he expects to take his 1% of cellphone market share right off the top, and he is definitely playing for keeps.
I'm guessing that this "Sponsored by Blackberry" ad button won't be showing up on any more CNET videos, either.
Thanks Florian!
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Reader Comments (Page 1 of 1)
Scott said 12:32AM on 1-10-2007
Here is a link to a good graph picture of the stock tumbles that both Palm and Rim took once Apple announced the iPhone.
http://www.macsupport.ca/2007/01/09/the-effect-of-apples-iphone-announcement-on-rim-and-palm-stock/
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nezromatron said 12:30AM on 1-10-2007
Meh.. RIM's price will bounce back once people realize that people that use a Blackberry and those that would want an iPhone are not the same people. Unless the iphone support Exchange and they didn't tell anyone.
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Nik said 3:23AM on 1-10-2007
didn't the the Keynote video list integration with MS Exchange for Imap...just below Yahoo?
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AJ said 5:00AM on 1-10-2007
You're absolutely right. No one seems to have picked up on this, and engadget even has misreported this, but Steve/Apple did announce they would be supporting Exchange in one of their graphics during the keynote.
http://www.warboards.org/AJ/exchange.png
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Mike Rose said 8:47AM on 1-10-2007
Actually, IMAP support doesn't really equal Exchange support. Many Exchange installations don't have IMAP enabled, either for security or performance reasons. Native Exchange clients on the Mac (there's only two, Outlook 2001 for OS 9 and Entourage 2004 for OS X) use either MAPI or WebDAV to connect to the server.
IMAP support is the same as what Mail.app uses to connect to Exchange... not all that exciting. Granted, if the iPhone takes off there may be more sites turning IMAP on. :-)
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Sandman619 said 7:01AM on 1-10-2007
Regarding Exchange, Jobs mentioned that Exchange offers an IMAP option, as he rolled off a number of IMAP providers including .mac. There was no mention of specifically supporting Exchange, but it does sound as if it's possible for Exchange to offer support.
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