It’s been apparent for some time that the spate of touch-screen smartphones now hitting the market will dent profit margins in the hottest part of the mobile business, but Wall Street seems only now to be digesting that fact.
The slumping share prices of Research in Motion and Palm over the past fortnight make this case eloquently. Two weeks ago, not coincidentally, was the weekend that Verizon began its guerrilla marketing campaign for Motorola’s Droid (see Chris Nuttall’s first impressions last week). Since then, Palm’s stock is off 35 per cent and RIM is down 20 per cent, while Motorola is up.
It’s clearly ridiculous to think that one handset can cause this much damage: what is sinking in are the implications of the much bigger wave of competition that is about to hit.

Older entries






David Gelles, Joseph Menn, Chris Nuttall and Richard Waters in the FT's San Francisco bureau upload their views - plus tech insights from writers in New York, London and Tokyo
Richard Waters
Chris Nuttall
David Gelles
Maija Palmer
Joseph Menn
Robin Kwong
Tim Bradshaw
The latest gadgets and gizmos, reviewed by Jonathan Margolis in How To Spend It.
Paul Taylor, the FT’s personal technology expert, answers your gadgetry questions