Apple Inc. recently announced (and boasted) that 1 millionth 3G iPhone has already been purchased. This number obviously gave the shareholders of other mobile companies a pause. When the announcement was made, the shares of Research in Motion, Motorola, Palm, and Nokia decreased. The shares of Apple Inc. on the other hand, with no surprise, Apple Inc.’s shares are currently modestly higher after the debut of its latest 3G iPhone. It is crystal clear. All of the other mobile companies mentioned before might lose some market shares as Apple Inc. takes the bigger slice of the cake.
When the 3G iPhone waslaunched in the market last July 11, Palm countered the event by announcing that the Centro’s price has decreased from $99 to $69.99. Some didn’t mind and still opt to queue for the 3G iPhone while others chose to buy the cheaper Palm Centro instead.
For the last couple of days the shares of Pam has decreased 4.6 percent per share. Research in Motion’s share is down 0.5 percent per share. On the other hand, Nokia is down 3.5 percent every share and Motorola is down 1.6 percent per share.
Meanwhile, Apple Inc has increased as much as 1.9 percent per share.
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07-16-2008, 06:14 PM
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