Wednesday, 14 February 2007

BlackBerry Chief Says iPhone Issues no Threat

Jim Balsillie, RIM's co-chief executive said that he does not think of the iPhone as a threat. He believes, "It's kind of one more entrant into an already very busy space with lots of choice for consumers. But in terms of a sort of a sea-change for BlackBerry, I would think that's overstating it."

"It's definitely the thinnest BlackBerry yet ... and definitely the premium product for the broad audience of mobile professionals," he said.

Analysts think otherwise, they believe that inspite of the high retail price of the iPhone it could cause trouble for RIM's Pearl.

RIM shares rose to USD 135.95 in electronic trading, after ending at USD 134.21 on the Nasdaq.