Late word from The Inquirer is that AT&T (T) may cut the GPS function from the new RIMM (RIMM) Blackberry so that it will not steal from Apple (AAPL) iPhone sales.
AAPL’s iPhone is supposed to be the driver of AT&T’s efforts to get new wireless customers. The wireless company’s fears are that the new Blackberry 8820 will have both GPS and WiFi functions at a price well below the iPhone.
AT&T almost certainly makes more money from the $500 iPhone and its high-priced call plans that its does from the RIMM Blackberry.
RIMM’s shares are up over 160% over the last year, outpacing the AAPL rise of about 80%.
If the news about AT&T blocking the new Blackberry function are true, RIMM’s magnificent rise could be coming to an end.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With An Advisor Now (Sponsored)
Are you ready for retirement? Planning for retirement can be overwhelming, that’s why it could be a good idea to speak to a fiduciary financial advisor about your goals today.
Start by taking this retirement quiz right here from SmartAsset that will match you with up to 3 financial advisors that serve your area and beyond in 5 minutes. Smart Asset is now matching over 50,000 people a month.
Click here now to get started.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
