Telecom & Wireless

Apple (AAPL) iPhone Loses Share, RIM (RIMM) Gains

It may be the first bad news ever about the Apple (AAPL) iPhone, It is certainly good for RIM (RIMM), the maker of the Blackberry, According to research firm IDC, the iPhone lost smartphone market share in the US during the first quarter.

Reuters writes "According to the report Rim’s share of the U.S. market for advanced phones with computer like features such as e-mail rose to 44.5 percent in the first quarter from 35.1 percent in the fourth quarter while iPhone’s share fell to 19.2 percent from 26.7 percent in the fourth quarter."

Motorola’s (MOT) share fell from 7.5% in Q4 to 2.6% in the first quarter.

The iPhone shows a vulnerability. Whether the introduction of a 3G version, which many potential buyers have been waiting for, will push Apple’s piece of the market up remains to be seen. The newer version will run on AT&T’s (T) fast network instead of the current 2.5G infrastructure.

The study does support the strategy of RIM (RIMM). Its Blackberry, probably the best mobile e-mail device in the world, is doing well as the company introduces new, move consumer-friendly versions of what has been mostly a business device.

No wonder RIMM trades near a 52-week high.

Douglas A. McIntyre

Want to Retire Early? Start Here (Sponsor)

Want retirement to come a few years earlier than you’d planned? Or are you ready to retire now, but want an extra set of eyes on your finances?

Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.

Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.

Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.