Verizon iPhone 4 Release Affects RIM Shares

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The idea of a Verizon iPhone has been going on since Apple gave us the original version back in 2007 – the latest rumor is that the Big Red will get the new iPhone 4 in Jan 2010 and this news has had an affect on RIM shares, as they have dropped by 6.1 percent.

Verizon offers a huge number of handsets, from HTC, Motorola, BlackBerry but have yet to get their hands on the iPhone from Apple. It has been said that if Verizon were to get the iPhone then Apple would be able to shift 8 million more handsets – something that is certain to have an affect on RIM.

The reason for this is because if Big Red customers will be buying the new iPhone 4, then they will have to ditch another handset maker, and RIM investors are worried that it could be them. They have good reason to worry; sales have certainly been affected with the arrival of handsets running on Google’s Android OS.

Arik Hesseldahl from Bloomberg believes sales of RIM Blackberry handsets could fall by 10 percent as Verizon accounts for 50 percent of their sales. RIM needs to learn from this and offer a handset that will appeal to consumers – something better than the failed effort of the first two Storm smartphones.

Also See: Verizon iPhone iOS 5 Update via Wireless, Top of Your Wishlist?