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Posted
Sep 29 2008, 01:21 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
It's gotta be tough to be an investor in Research in Motion these days. The stock price has plummeted 58% in just over three months, and today it dropped nearly 13% to $61.73. Get used to it: these shares will be depressed for a while. RIMM was on fire for a long time, and with good reason. Its BlackBerry is a must for business users, particularly those in the financial sectors, and as the company began courting consumers it seemed like there was no end to its growth. But these days, all hell has broken loose in the financial sectors. Businesses in general are pulling back on spending, and a BlackBerry falls largely into that non-essential category for many companies. It's an even tougher road on the consumer side,
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Posted
Sep 23 2008, 09:53 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
 Google jumped into the phone business today with G1, its new smartphone that will be available in October for $179. The phone is a direct attack on Apple's iPhone and the BlackBerry line. Will it kill the iPhone? No.
The phone is a huge bet for the company. Google knows that mobile is the next big jumping off point for the Internet as people move from simple text messaging to Web surfing, checking e-mail, listening to music and watching videos. Google wants to be the point man for all of that, controlling the software and making more than a few ad bucks along the way. So Google made software, called Android, for mobile systems. The software can work with just about any phone, and several makers are coming out with Google phones in the next few years. HTC made the first Google phone, the G1 announced today. Google shares are up less than 1% to $432.30.
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Posted
Aug 11 2008, 09:42 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Apple iPhone (and iPod Touch) users downloaded 60 million programs from the company's online store in the first month, said CEO Steve Jobs in an interview with the Wall Street Journal. That's a meaningless figure, however, since most of those programs were free. The number to note is this: Apple sold $30 million in programs that month. The store's on pace to get $360 million a year in revenue, and Jobs said sales will crest $500 million soon. It won't be a huge profit center for the company, though. The developers who made the programs get a 70% cut, and much of Apple's 30% covers the costs of running the store. Apple shares are up nearly 3% today to $174.51.
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Posted
Jul 21 2008, 09:42 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Talk about a saturated market: 91% of 17-year-old girls had cell phones last year. That compares to 78% of 17-year-old boys, according to a research study mentioned in the New York Times. The teen segment is hugely important to cell phone companies, but the study's author says growth is going to slow simply because 100% penetration isn't realistic. That could be problematic for companies zeroed in on this market.
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Posted
Jul 16 2008, 12:00 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Shares of BlackBerry maker Research in Motion started the morning at $104.23 and continued to climb throughout the day. Headed into closing, it looks like RIMM will be up about 5%. The stock began falling a week ago in anticipation of Apple's 3G iPhone launch, and dropped about 14% over the period. But yesterday, investors started cheering up and the stock turned. Maybe news of iPhone shortages brightened their spirits. Or maybe it was Jim Cramer's optimism about the company.
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Posted
Jul 15 2008, 01:13 PM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
You can check the availability of iPhones on this Web site, and one man who looked up every store found that 21 states have sold out, according to Fortune. That number will change overnight (or even hourly) as new stock gets shipped in, but it's a nice PR tidbit for Apple today. AT&T stores, which also sell the phones, are pretty much sold out across the board. Apple shares dropped more than 2% today to close at $169.64.
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Posted
Jul 14 2008, 09:42 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Apple sold 1 million of its new 3G iPhones over the weekend -- an impressive achievement given the glitches, server issues and other frustrations that accompanied the launch. The company's shares are up more than 1% today to $175.06.
The number may be a bit misleading, as Fortune points out. Apple retail stores mark a phone as sold when it leaves the store in a customer's hands. But phones going to partners like AT&T and other wireless carriers get classified as sold when they're shipped from the factory. So a phone could be on a boat somewhere and already look like it's sold on the books.
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Posted
Jul 11 2008, 09:36 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Uh-oh. Apple's rollout of its highly-anticipated 3G iPhone is hitting some snags this morning. Looks like the "unknown error" message came out of its slumber in the seventh circle of hell and decided to wreak havoc on iPhone and iPod Touch owners. Here's the wording that they see when trying to sync the device in iTunes: "We could not complete your iTunes store request. An unknown error occurred (-9838)." I hate those number codes in error messages, because I know they mean something but have no idea what it is. Apple shares are down 2% to $172.66 this morning.
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Posted
Jul 09 2008, 09:11 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Apple chose a few prominent reviewers for a sneak preview of its new 3G iPhone, which goes on sale Friday morning in the U.S. and 20 or so other countries. And while the reviewers had much to praise, they perhaps weren't as worshipful as Apple might have liked. Apple shares are up slightly in morning trading to $179.82. Here's a sampling of what the critics have to say:
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Posted
Jul 08 2008, 04:11 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Apple's new 3G iPhones go on sale Friday, which means that after months of little to no revenue from phone sales, Apple will finally be milking the iPhone cash cow once again. We could be seeing a billion-dollar weekend for the company. Still, while Apple is primed for a massive launch day -- 22 countries will participate -- I expect a bit of chaos will reign, at least in the U.S. The problem is that iPhone buyers will have to buy and activate their phones in either an Apple or an AT&T retail store (AT&T is the iPhone's exclusive carrier partner in the U.S.). That's a strategy intended to prevent people from unlocking the phones and reselling them. If you've activated a cell phone in a store recently, you know it can be a huge pain. It takes 10 minutes at least to get through the paperwork, the credit check and the back-and-forth yadda yadda before you walk out the door. Even if AT&T makes the iPhone activations as pain-free as possible, I foresee lines of disgruntled shoppers who are tired of waiting.
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