Telecommunications Industry News
Research In Motion CEO Thanks iPhone for Boosting Smartphone Popularity6:00 am on July 20, 2007 | Category: Business, Cell Phones, Mobile Devices, Multimedia
Research In Motion president and co-CEO, Mike Lazaridis, praised his rival, Steve Jobs, at the recent RIM annual shareholder meeting in Waterloo, Ontario, saying that the recently launched Apple iPhone device has boosted the overall market for high-end wireless data devices.
”Hats off to Mr. Jobs for growing the whole industry,” Lazaridis commented on the Apple CEO’s recent success. ”We all knew the smartphone market was growing. Some of us believe that eventually all phones will be smartphones. I think what the iPhone announcement did was that it just accelerated the public’s awareness and acceptance of a smartphone.”
Research In Motion shares have surged more than 40% since June 28, when the company announced a 73% increase in first-quarter profits, on higher-than-expected sales and subscriber additions. Apple’s stock price has also increased significantly since the iPhone’s June 29 launch, and subsequent popularity.
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Published by TeleClick Enterprises
Edited by Jeremy Maddock