The Droid invasion appears to be going according to plan. Motorola’s new Android-based handset arrived at Verizon Wireless stores last Friday and analysts say it’s selling quite well. Indeed, Broadpoint AmTech analyst Mark McKechnie estimates Verizon sold about 100,000 Droids in its first weekend.
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With Palm’s shares up more than 900 percent since January, they were destined to suffer a correction someday. And now it seems that day has finally come. Shares in the handset maker fell some 23 percent last week amid concerns about increased competition from Google’s Android operating system, which is being rolled out on a number of devices at a variety of carriers, including Palm partner Sprint.
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If misery loves company, then Apple may have a friend in RIM. A Citigroup analyst who has tested the company’s forthcoming BlackBerry Bold claims that the device is troubled by 3G reception woes similar to those plaguing Apple’s new handset. A noteworthy data point, since Bold will initially run on AT&T’s wireless network, just as the iPhone does.
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