
Citi, Bank of America Eye IPhone
NEW YORK (
) -- IPhones look to be finding their way to Wall Street, as
Bank of America
(BAC) - Get Report
and
Citigroup
(C) - Get Report
are contemplating letting employees use the sleek
Apple
(AAPL) - Get Report
products instead of
Research in Motion Ltd
(RIMM)
's Blackberry for corporate email,
Bloomberg
reported, citing anonymous sources.
The report says the banks' tests of the products are the most recent indication RIM is losing corporate customers, with 80% of Fortune 500 companies now either using or considering using iPhones. Those companies include
Procter & Gamble
(PG) - Get Report
and
General Electric
(GE) - Get Report
, according to the report, which cites recent statements by Apple last month.
(GOOG) - Get Report
is also making inroads on the corporate market with its Android phone, according to the report. Again citing anonymous sources,
Bloomberg
identifies
JPMorgan Chase
(JPM) - Get Report
as weighing both iPhones and Android phones as options for its employees.
--
Written by Dan Freed in New York
.
Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.









