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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
Sep 17 2008, 11:31 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Here's yet another statistic to worry AT&T investors. Nearly one-fifth of U.S. homes don't have a home phone line. The residents are exclusively using cellphones.
A big incentive to drop the home phone is savings. A Nielsen report says a single person will save $33 per month by doing so, and a couple with two cell phones saves $26 a month. I wonder how many home phones exist just to support home security systems? Sometimes those systems require a land line in the house.
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Posted
Aug 20 2008, 12:23 PM
by
Kim Peterson
Money Blog: Top Stocks Blog - MSN Money
The New York Times checks in with Palm, whose stock price has plummeted 90% since 2000 to $7.77 today. Its share of the smartphone market has fallen by half in two years to 17%.
Palm announced the new Treo Pro smartphone today for business users. It's also been busy hiring people from companies like Apple and Microsoft. And it has a significant change ahead: Next year, it will unveil brand-new software and a new device, all designed for heavy Web and data use.
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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 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 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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Posted
Jun 09 2008, 10:51 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
The iPhone is nearly a year old, and with only 6 million sold Apple isn't close to its goal of selling 10 million this year. That's about to change, because the iPhone is getting an upgrade.
And I'm not talking about just the phone itself. Apple's building a universe of applications, games and other features that could be just as important. The company is again setting a new standard for cell phones.
Another selling point: Apple is dropping the iPhone's price to $200 for an 8GB model and $300 for a 16GB version. But the biggest news of the day is a new iPhone that runs on 3G technology, which makes Web browsing much faster. The phones also have built-in GPS, which is sending Garmin shares down 5% so far. The new iPhone is due out July 11.
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Posted
May 30 2008, 09:59 AM
by
Kim Peterson
Rating:
Money Blog: Top Stocks Blog - MSN Money
Broadcom shares have jumped more than 6% today to $28.85, and it's all because of Apple's iPhone. Broadcom, a chipmaker, is rumored to be the company supplying the global positioning system in the new 3G iPhone expected out next month. If that's the case, expect a bright future for Broadcom, a company which hasn't had the best year. Regulators recently accused the company's co-founders of falsifying income, and have charged two other executives in the case. Some of them may face criminal charges. Broadcom reported $3.78 billion in sales last year and a $213.3 million profit.
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