RIM Puts iPhone Hype on Mute

Yet, RIM cannot entirely emerge unscathed from the launch of iPhone, says Lawrence Harris, an analyst with Oppenheimer, which makes a market in RIM and Apple shares.

"While the introduction of the iPhone at $500 to $600 may result in greater consumer willingness to consider higher priced devices, we also do not see many prospective Apple buyers selecting the Pearl if brief stock-outs of the iPhone occur," writes Harris in a research note.

Sentiments like this could foreshadow, a knee-jerk reaction to RIM's stock, with some traders choosing to sell it after the earnings. But eventually, says Kelmon, what's good for the iPhone may prove good for RIM.

For a video take on this story with TheStreet.com's Janet Alvarez, please click here.

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