RIM’s App World Threatens PALM – Analyst Blog
Source: http://www.zacks.com/stock/news/18746/RIM%27s+App+World+Threatens+PALM+-+Analyst+BlogPosted on Wednesday, April 1st, 2009 | In Stocks to Watch
Highlights include Research In Motion, Ltd. (RIMM), AT&T Inc. (T), Palm Inc. (PALM).
RIM Launches App World – Another Nail in Palm’s Coffin
Research In Motion, Ltd. (RIMM) has launched its AppWorld store for the BlackBerry. This move is so the company can better compete with Apple Inc. (AAPL, $108, rated HOLD) and its App Store. This a very profitable for Apple and AT&T (T), which sells the iPhone) since the use of applications increases phone time used (although many users have unlimited useage, a lot don’t).
The existence of such a large number of applications, many of which are free, is a major barrier to entry of new companies and makes it difficult for existing companies to gain market share. This includes Palm Inc. (PALM, $9, rated SELL) which is now selling the Pre in Brazil.
Read the full analyst report on “RIMM”
Read the full analyst report on “PALM”
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