Word: applees
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For investors who like to keep score. Apple's iPhone sales likely come at the expense of Research-in-Motion (RIMM) which makes the iconic business tool, the Blackberry, and struggling also-ran Palm (PALM) which is about to release its Pre, the company's last shot at viability. The...
RIMM is doing well enough that its revenue rose 25% in the last quarter to almost $3.5 billion. That means it is less than half Apple's size in terms of sales, but RIMM does not sell Macs or iPods. RIMM added 3.9 million handsets in that quarter.
What does not make sense, at least at first blush, is that the financial results of all of the other major handset companies from Sony Ericsson to Nokia (NOK) to Motorola (MOT) were down. These firms can hardly give handsets away, much less sell them. Each of these operations said...
The Apple and RIMM results are an example of why brands matter and why companies are willing to work to develop them by making huge investments which can stretch over decades. Apple wasn't much of a brand until it introduced the iPod in 2001, but the firm was around...
A lot of people think that consumers who buy brand are suckers, the kind people WC Field used to mock in old movies. Samsung builds a smartphone that looks and works a lot like the iPhone. It is called the Instinct and Apple owners think it is junk.