Tech ETFs In Focus As RIMM Takes A Bite Out Of Apple (AAPL)

This year has seen major innovations in the technology field, with products like the iPad and 3-D Television revolutionizing their respective industries. Today, Research In Motion (RIMM) followed the tech trend of the year when it announced its newest smartphone, the BlackBerry Torch, formerly known as the BlackBerry 9800. The long awaited product has been dubbed the “iPhone killer” and will hit the shelves on August 12th, for a price of $200. BlackBerry, which has been most associated with Verizon Wireless in the past, will be releasing this phone on the AT&T network, allowing it to share service providers with the iPhone 4. The Torch could not have picked a better time to release their competitor to Apple’s iPhone, which has been on the receiving end of negative press recently due to antenna problems in the phone and a chronic shortage which is testing the patience of many potential buyers. All [...] Click here to read the original article on ETFdb.com. Related Stories: Competition From Apple Stunts RIMM, Wireless HOLDRS RIMM Sends Tech ETFs Higher Tech ETFs In Focus As Apple (AAPL) Reports Earnings