This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Motorola, RIM, Apple: Delays Pile Up

NEW YORK ( TheStreet) -- So far, 2011 is looking like the year of the superphone delay.

Let's count:

  • Apple's (AAPL - Get Report) iPhone 5, due in June/July, delayed to Sept/Oct
  • Verizon's (VZ) Samsung Droid Charge, due yesterday, delayed indefinitely
  • Motorola Mobility's (MMI - Get Report) Bionic, due in spring, delayed to summer
  • Research In Motion (RIMM) BlackBerry 6.1, intro due next week, delayed to summer
  • In an industry where company fortunes can change dramatically with the success or failure of a single phone, it is somewhat alarming to see so many outfits stumble so badly as they try to launch new flagship phones.

    Thursday was a banner day for delays, as three players all stepped forward with disappointing news.

    First, Verizon

    Thanks largely to the nationwide outage of its 4G LTE network, Verizon said it was going to postpone the sales launch of its Samsung Droid Charge. The phone is a 4G LTE device that, when it arrives, will be the second superphone to work on Verizon's speedy new network.

    In no small way, the Droid Charge was to be the next leg of Verizon's 4G LTE race. The first 4G device, the HTC Thunderbolt, has been a popular hit at Verizon, offering dazzling speeds beyond anything else in the market.

    Verizon is at least a year ahead of rival AT&T (T) on its LTE network expansion and hopes to use the tech lead to win big-spending customers away from competitors.

    Verizon said it could not specify whether the delay would be days, weeks or months.

    Motorola

    Late Thursday, after the bell, Motorola told analysts on its first-quarter earnings call that there was a "push out" of its hotly-anticipated Bionic 4G phone for Verizon.

    "We've worked with Verizon to re-feature the device," Motorola Mobility's CEO Sanjay Jha said Thursday, adding that the Bionic would launch this summer.

    The 4G Bionic was due this spring, and it is widely seen as one of the beefier phones that out-muscle Apple's esteemed iPhone.

    Barclay's Capital analyst Jeff Kvaal asked Jha on the earnings call if the company wasn't at a disadvantage being late to a highly competitive smartphone market.

    "I'd be disappointed if this became a regular event," said Jha, adding that Motorola has delivered 27 smartphones during his tenure and the on-time track record has been good. "Bionic is an aberration," Jha said.

    1 of 2

    Check Out Our Best Services for Investors

    Action Alerts PLUS

    Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

    Product Features:
    • $2.5+ million portfolio
    • Large-cap and dividend focus
    • Intraday trade alerts from Cramer
    Quant Ratings

    Access the tool that DOMINATES the Russell 2000 and the S&P 500.

    Product Features:
    • Buy, hold, or sell recommendations for over 4,300 stocks
    • Unlimited research reports on your favorite stocks
    • A custom stock screener
    Stocks Under $10

    David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

    Product Features:
    • Model portfolio
    • Stocks trading below $10
    • Intraday trade alerts
    14-Days Free
    Only $9.95
    14-Days Free
    Submit an article to us!
    SYM TRADE IT LAST %CHG
    AAPL $125.80 0.00%
    MMI $35.59 0.00%
    FB $77.56 0.00%
    GOOG $530.80 0.00%
    TSLA $232.95 0.00%

    Markets

    DOW 17,928.20 -142.20 -0.79%
    S&P 500 2,089.46 -25.03 -1.18%
    NASDAQ 4,939.3270 -77.6020 -1.55%

    Partners Compare Online Brokers

    Free Reports

    Top Rated Stocks Top Rated Funds Top Rated ETFs