Verizon Wireless says it will charge $199 for the new BlackBerry Storm from Research In Motion (RIMM). The price is actually $249.99 minus a $50 mail-in rebate so long as the customer signs up for a two-year service contract. Apple's 8GB iPhone 3G, meanwhile, costs $199 with a two-year contract with AT&T (T).
However, Vodafone (VOD) is going to be selling the Storm for zero in the U.K. It's charging nothing for the device so long as the customer signs a two-year contract. (Verizon Wireless is a joint venture between Verizon (VZ) and Vodafone.) The Storm launches Nov. 21.
It would have been a terrific coup for Verizon if it had followed Vodafone's lead. Not that RIM or Verizon really has to resort to tricks to sell the new Storm. I've gotten to see a pre-production model in action, last month, and I've got to tell you, the Storm's super-sharp, almost magical touch screen (you will have to try it for yourself to understand) as well as all of its other nifty features should help this phone sell itself.As for the Apple product, recently analysts have begun thinking out loud about future iPhone sales. They're not painting a very rosy picture. Some analysts have gone as far as to say that Apple has been forced to cut back production of its premier smartphone due to the downturn in the economy. One industry insider believes that iPhone sales could fall as much as 40% in the near future. That's not a good sign.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV