I do agree that the 3G iPhone is going to give Blackberry a run for its money, however, Blackberry has captured value solely in its brand name. Blackberry was one of the original smart phones to be highly publicized and there is still a certain prestige and reputation that follows Blackberry or "Crackberry" as my friends who are obsessed with texting call it. The iPhone will be a definite competitor, but I think ppl are overestimating its blow to Research In Motion. RIMM is down again today even though the price spiked this morning only to fall again (http://predictwallstreet.com/forecast.aspx?symbol=RIMM). I predict it will be down again tomorrow. I was checking the sentiment at PredictWallStreet and it appears to be wavering between neutral and bearish. Although I feel pretty bearish on RIMM right now, I think this “cult stock” will be profitable in the long run as long as you understand its temperaments and that is indeed a volatile stock. RIMM has high growth prospects not only in smart phones but with hands free headseats as well, especially because of the new law imposed July 1st.
