Tech

Tech Rumor of the Day: Research In Motion

 

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

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) will have a blockbuster phone for the summer and into the holidays.

Blackberry Tour

The Tour debut compares well to Apple's (AAPL) 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).

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) Pre, respectively. Smartphones are the fastest growing segment of the mobile phone industry and Verizon has been lagging in the blockbuster category.

TheStreet Premium Services    For Personal Service: 877-471-2967

Jim Cramer
Jim Cramer's Action Alerts PLUS:
Trade right alongside a Wall Street pro — enjoy access to his Charitable Trust portfolio and be sent trade alerts BEFORE he makes a move. Learn More
New: ETF Profits
ETF Profits:
Get money-making ideas from the hottest investment vehicle on the planet. Our experts show you how to play various ETF sectors to help pump-up your portfolio. Learn More
OptionsProfits
OptionsProfits:
Get 50+ trade ideas a week from the industry's top options experts. Plus — exclusive commentary on market trends and essential trading tools. Learn More
Doug Kass
Real Money:
Our team of professional Wall Street Pros — including Jim Cramer, Doug Kass, and Nicholas Vardy — delivers intelligent analysis, timely trade ideas, and colorful commentary. Learn More
Stocks Under $10
Stocks Under $10:
Break into the market with small- and mid-cap stocks... all $10 or less! David Peltier tells you exactly which low-priced stocks he's buying and selling. Learn More
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
blog comments powered by Disqus
Dow Jones S&P 500 NASDAQ 10-Year Note
12,883.95 1,349.96 2,915.86 19.75
Oil *
117.78
UP
5.75
UP
2.91
UP
11.78
UP
0.09
10 Yr
1.98%
SPDR Gold
168.50
+0.04%
+0.22%
+0.41%
+0.46%
Data delayed 20 minutes

Top Stories and Tools

Brokerage Partners

After the Bell

Before the Bell

Booyah! Newsletter

ETF Daily

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

We respect your privacy.
Podcasts

Connect with TheStreet