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Saturday, June 04, 2011

Launch of Apple's iCloud predicted to cause 'collateral damage' on RIM

The anticipated ability of Apple's iCloud network to take some processing and traffic burdens from wireless carriers' networks has been predicted by one analyst to cause "collateral damage" for rival handset maker Research in Motion.

Shaw Wu with Sterne Agee issued to investors Friday in which he declared that iCloud will make it even tougher for companies to compete with Apple. He reiterated his belief that iCloud will "change the game" in the highly competitive mobile space.

In his view, iCloud will make iTunes even more powerful and useful for end users. That would be a huge blow to RIM, Google, Amazon and Microsoft, all of which have struggled to compete with iTunes in its current form.
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