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RIM's App World Threatens PALM

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April 01, 2009 |Comments: 0
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RIMM | PALM

Highlights include Research In Motion, Ltd. (RIMM), AT&T Inc. (T), Palm Inc. (PALM).

RIM Launches App World - Another Nail in Palm's Coffin

Research In Motion, Ltd. (RIMM) has launched its AppWorld store for the BlackBerry. This move is so the company can better compete with Apple Inc. (AAPL, $108, rated HOLD) and its App Store. This a very profitable for Apple and AT&T (T), which sells the iPhone) since the use of applications increases phone time used (although many users have unlimited useage, a lot don't).

The existence of such a large number of applications, many of which are free, is a major barrier to entry of new companies and makes it difficult for existing companies to gain market share. This includes Palm Inc. (PALM, $9, rated SELL) which is now selling the Treo Pro in Brazil.

Read the full analyst report on RIMM

Read the full analyst report on PALM

 
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