RIM (RIMM) Loses Major Enterprise Contract to Apple (AAPL), Shares Slump
Word that Apple (Nasdaq: AAPL) is making strong moves in the enterprise environment isn't greatly overstated and its gains are coming at the cost of at least one major competitor: Research In Motion (Nasdaq: RIMM).
Word on the Street today is that another blow was delivered to RIM in the form of a lost client. According to AppleInsider, major energy company Halliburton (NYSE: HAL) is beginning to phase-out RIMs BlackBerry devices and phase-in iPhones and Apple's iOS platform.
Not only that, but an internal memo circulated last month said Halliburton also evaluated Google's (Nasdaq: GOOG) Android mobile OS, determining in the end that "the iOS platform offered the best capabilities, controls and security for application development."
Company-wide, Halliburton employs some 70,000 people. Further, those that do business with Halliburton will likely need to adapt to the shift, meaning potentially even more business for Apple. What about Microsoft (Nasdaq: MSFT)? Previously, Halliburton brass were in favor of Microsoft, and the Windows Phone was the only alternative available to BlackBerries. Macs were outlawed, AppleInsider notes, while Linux was highly frowned upon.
With its latest quarterly report, Apple's CFO Peter Oppenheimer said "nearly all" Fortune 500 companies now approve and support iPhones on their networks.
Apple is up about 0.9 percent while RIM is down over 2 percent in the late-Monday session.
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Word on the Street today is that another blow was delivered to RIM in the form of a lost client. According to AppleInsider, major energy company Halliburton (NYSE: HAL) is beginning to phase-out RIMs BlackBerry devices and phase-in iPhones and Apple's iOS platform.
Not only that, but an internal memo circulated last month said Halliburton also evaluated Google's (Nasdaq: GOOG) Android mobile OS, determining in the end that "the iOS platform offered the best capabilities, controls and security for application development."
Company-wide, Halliburton employs some 70,000 people. Further, those that do business with Halliburton will likely need to adapt to the shift, meaning potentially even more business for Apple. What about Microsoft (Nasdaq: MSFT)? Previously, Halliburton brass were in favor of Microsoft, and the Windows Phone was the only alternative available to BlackBerries. Macs were outlawed, AppleInsider notes, while Linux was highly frowned upon.
With its latest quarterly report, Apple's CFO Peter Oppenheimer said "nearly all" Fortune 500 companies now approve and support iPhones on their networks.
Apple is up about 0.9 percent while RIM is down over 2 percent in the late-Monday session.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
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Jahan farrokhi on Feb 6, 2012 10:39 PMMark as Spam
i phone truly is a great phone that I have ever had. In fact, I have never been happier; I don't blame fortune 500 companies for the change