« Apple’s new seed Cars: parking evils and three-wheeled Christiania bikes »

iPhone implications: a sign for things to come?

The WSJ reports:

As the iPhone announcement sparked fears that Apple, Cupertino, Calif., would steal market share, the stocks of competitors dropped. Shares of RIM dropped 7.9%, while those of Palm dropped 5.7%. Shares of some larger telecom equipment makers dropped as well, though not drastically. After the news, Apple’s stock rose $7.10, or 8.3%, to $92.57 in 4 p.m. composite Nasdaq Stock Market trading.

This entry was posted on Wednesday, January 10th, 2007 at 2:01 pm and is filed under Trends, Gadgets, Mobile. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

Comments

Post a comment

You must be logged in to post a comment.