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
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.
Editors' Picks
