As my colleague Nick Perry noted earlier today, Apple
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shares have been abysmal lately, breaking through key support zones in the 155-150 region and pulling back to another key region in the 130-120 area. Unfortunately for AAPL, the smartphone market isn't getting any less crowded, as Google
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and U.S. partner T-Mobile
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officially unveiled the 'GPhone' today, setting the launch date for October 22. Furthermore, the device, which runs on Google's Android platform will cost just $180 each, or about $20 less than Apple's iPhone. Unfortunately for Google, T-Mobile's high speed data service is reportedly one of the few in the States that could give AT&T a run for its money in terms of service disruptions, limited availability, and bandwidth caps.
But that's not all the bad news for Apple today, as a survey released today by research firm J. Gold Associates points out. According to J. Gold Associates, Research In Motion's
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BlackBerry may lose some corporate mobile email market share in the next 3 years, but the company will maintain its huge lead. The survey - of 400 "large and small companies" - concludes that RIMM's market share will slip to 59.3%, down from 65.5% now and that Microsoft's Windows Mobile market share will rise to 28.6%, up from 22.5% today. Meanwhile, Apple's iPhone is projected to remain in third, accounting for about 16% of the market in three years, up from about 10% now.
Copyright Schaeffer's Investment Research http://www.schaeffersresearch.com