With the recent release of the new 3G iPhone and the more recent release of the Blackberry Bold, RIM's performance over competitor, Apple has been very accommodating to investors of RIM and Option traders who have Put's on AAPL.
Apple's 3G woes did not just end with network technical difficulties, but a recent lawsuit of the misrepresentation of its recent Mobile's capabilities have investors driving the price down further.
For the record, the new iPhone and the new Blackberry Bold, although amusingly similar in appearance, are not exactly comparable products. It would be like 'comparing steak and lobster' as Canada's National Post described the competing phones this morning.
Although both utilize the 3G wireless connection enabling users with much faster connection speeds, the Blackberry is not touch screen, and is aimed at business class and upgraders where as the iPhone is more suitable for media-centric users. Still investors of RIM drove the stock and calls up this week, and not even Palm's 'Blackberry Targeted' new handheld could persuade investors otherwise.
Based on the market results, it is a safe bet that RIM will be pushed up even more in September and October as a result of the official announcement of the Blackberry Thunder (Now known as the Storm), RIM's first touchscreen operated phone. It is RIM's response to the popular iPhone. No news yet of the media capabilities of the Storm, but based on the Bold's new capabilities, the Storm looks promising.
In summary, it looks promising to buy September and October Call's of RIMM and take a look at the options of the Rogers, Verizon, and AT&T, the initial Blackberry Wireless Providers in North America.
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