RIM Puts iPhone Hype on Mute

Stock quotes in this article: T , VZ , RIMM , AAPL , MRVL , SNE , BRCM  

For the next, or second, quarter, analysts forecast revenue of $1.19 billion and earnings of $1.12 a share. For fiscal 2008, analysts forecast revenue of $4.66 billion, and earnings of $4.82 a share, up from $3.03 billion and $3.33 a share the year before.

No Pain, Just Gain

For all the iPhone hype, RIM investors have yet to feel any pain. Be it a combination of RIM's consistent stream of new products and solid base of business customers who are unlikely to be iPhone buyers, the stock has increased nearly 30% in the year to date, and is up a whopping 148% in a year.

Shares of RIM closed up 0.1% to $163.45 Wednesday.

Despite the iPhone wildcard, the earnings report might not swing the pendulum too much, says Kelmon.

"The stock could be range bound between the high of $177 and where it is right now," he says, "and I expect moderate upside on the price action after the earnings reports."

RIM hasn't let the iPhone distract it. In mid-May, RIM released the BlackBerry 8830, also known as the CDMA/GSM World Edition smartphone, on Verizon's(VZ Quote) network.

Two weeks later it unveiled the 8300 BlackBerry Curve phone, available on AT&T(T Quote).

The new products should help boost RIM's numbers, say analysts.

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