Tech Rumor of the Day: Research In Motion

Stock quotes in this article: RIMM , VZ , AAPL , S , PALM , T  

It looks like Verizon (VZ Quote) has a rip-snorting success on its hands with the debut of its BlackBerry Tour from Research In Motion (RIMM Quote).

In the first 24 hours, Verizon and retail outlets sold between 275,000 and 300,000 Tours, according to analysts.

Given the lack of media hoopla and the absence of live blogging from the waiting lines, the big debut numbers suggest that Verizon and soon Sprint (S Quote) will have a blockbuster phone for the summer and into the holidays.

Blackberry Tour

The Tour debut compares well to Apple's (AAPL Quote) original iPhone, which sold roughly the same amount on its first weekend in 2007. That start was notably slower than the 1 million target Apple expected and then eventually hit on the 74th days after its launch.

Smart Phones

The iPhone, now in its third year, has become an iconic device. That leadership position in the smartphone market was confirmed last month when Apple iPhone 3G S reached the 1 million milestone on the first weekend, within 72 hours of its arrival at AT&T (T Quote).

The BlackBerry Tour is the first major RIM phone for Verizon since the popular and controversial BlackBerry Storm rolled in last year. The Tour is an upgrade to a 2-year old BlackBerry world phone. Analysts say the Tour is outselling the popular BlackBerry Curve by three to one.

Verizon has been somewhat in the shadows as rivals AT&T and Sprint rolled out new phones like the iPhone "S" and the Palm (PALM Quote) Pre, respectively. Smartphones are the fastest growing segment of the mobile phone industry and Verizon has been lagging in the blockbuster category.

  • Loading Comments...
  •  
< Previous
1 2

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • linkedin




Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,023.42 1,069.30 2,112.44 35.03
Oil *
76.05
UP
17.46
UP
2.67
UP
7.12
DOWN
0.30
10 Yr
3.50%
SPDR Gold
107.43
+0.17%
+0.25%
+0.34%
-0.85%
Data delayed 20 minutes

Brokerage Partners

TheStreet Premium Services

All Services