Duh! RBC Analyst Says iPhone To Challenge Incumbents

Posted by: Stephen Wildstrom on August 18, 2009

I get a lot of analysts reports and except for the work of a few folks whose judgment and reporting skills I value, toss most of them unread. But for some reason, I actually looked at a report today by RBC Capital Markets analyst Mike Abramsky and was stunned by its obviousness and ability to predict the recent past.

His main conclusion: “We believe smartphones represent the next wave of computing,leading to mobile experiences both consumer and business users crave.” He notes that “iconic smartphones are difficult to make, distribute, sell, and support” and predicts that Apple, Research In Motion, and Palm will win market share at the expense of traditional handset makers such as Motorola, Nokia, Sony Ericsson, and LG.

For what it’s worth, RBC is raising its price targets for RIMM ($70.72) from $100 to $150, for AAPL ($159.59) from $190 to $250, and for PALM ($13.23) from $18 to $25.

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Reader Comments

Kris Vasan

August 18, 2009 10:58 AM

You may want to change the headline from RBS to RBC!

Jose

August 18, 2009 10:59 AM

Pls , clarify: RBC or RBS?. Why NOKIA is out of the predictions made having all the expertise, knowledge and Commercial network ( selling and supporting ) needed to succed in this competetive Market?
Go ahead. Sincerely, you are geat!

Steve Wildstrom

August 18, 2009 11:09 AM

Sorry about the confusion in the original headline. It's RBC as in the text, not RBS.

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BusinessWeek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, Douglas MacMillan, and Spencer Ante dig behind the headlines to analyze what’s really happening throughout the world of technology. One of the first mainstream media tech blogs, Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

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