Stocks Shift After iPhone 4S announcement, Microsoft and RIM Comeback Imminent
With the Apple iPhone 4S announcement yesterday, no doubt came with it a few sweaty brows on Wall Street Tuesday Oct 4th. Apple unveiled their latest greatest iPhone to date, to what seems to be a generally unimpressed public. So much so, that Apple stocks actually went down 5% yesterday right after the iPhone 4S was out of the closet. As you can see in the image above, the stock value fell right at the end of Apple's iPhone event, and hasn't completely recovered until sometime today. Obviously, we'll likely see that continue to come up as sales for the iPhone 4 S and it's actual release date passes. But what happened to the typical explosion of stock prices after the Apple iPad, iPad 2, iPhone, iPhone 3GS, MacBook Air, the list goes on. What about Apple's competition?
Funny you should ask, below is a comparison chart of the same period for Research In Motion stock value and Microsoft, both have been struggling in the mobile sectors with Google's Android and Apple's iOS domination.
As you can see below, RIM actually had the biggest jump in it's overall value, which may be enough to keep BlackBerry development going. RIM actually saw an 18% increase from its Tuesday starting point after the Apple iPhone 4S was announced. We can't say for sure, but it certainly looks related. Microsoft as well saw a 6% gain in stock value since its' opening price Tuesday. With Windows Phone 7.5 updates rolling out as we speak, this should continue to go up as it's been received well among early testers.
The next few months could be very interesting in the mobile world. Can RIM and Microsoft make a run at Apple's dominance in the market after the less than well received iPhone 4S announcement? If any there was a time for a comeback, it's now.
Sources - BGR, Google Finance
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