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