Is Verizon About to End the Blackberry Era?
Smartphones owe their explosive uptake to their addictive predecessor: the Crackberry (AKA, Blackberry). However, all is fair in love and war when it comes to business.
According to market research company USamp, Research in Motion (NASDAQ:RIMM) is about to curl up into a ball reminiscing like a mother who sends off their first child to kindergarten or college. A recent survey of Verizon (NYSE:VZ) Blackberry owners shows 66% intend to switch to Apple’s iPhone (NASDAQ:AAPL) on February 10th when the hot smartphone becomes available for Verizon’s 101.1 million wireless customers. POW! Lights out. That would be the official end of the Blackberry era.
But Research in Motion isn’t the only telecom company with a shotgun barrel in their mouth. Formerly exclusive iPhone carrier AT&T (NYSE:T) may be about to lose 26% of their iPhone clients on the day Verizon opens the floodgates. Here are some other noteworthy stats from the survey:
- AT&T: 35 percent of those ages 18-24 and 50 percent of those ages 25-34 are willing to wait in line on the Feb. 10 launch day.
- Verizon’s current BlackBerry and Google (NASDAQ:GOOG) Android users who report plans to switch to the iPhone, 46 percent of those ages 18-24 and 34 percent of those ages 25-34 agree to wait in line on day one.
- AT&T: clients are leaving because dropped of calls (48 percent), carrier coverage (25 percent), and product features (22 percent).
- Verizon: clients are migrating to the iPhone for the interface (60 percent), web browser (58 percent), media (51 percent), memory (43 percent), and camera (41 percent).
Despite all these insights, keep in mind the survey was only 727 people. However, if these results are any indication of how the sea will change on February 10th, AT&T and Research in Motion’s stocks will face a lot of selling.
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