Demand for the iPhone remains "unabated" since the product launch last week, pitting Apple and Research In Motion (RIM) are locked into a two-horse race for dominance of the smartphone industry, and at least one analyst believes it's not RIM which holds the winning hand.
Needham&Co. analyst Charlie Wolf this morning downgraded RIM stock from Hold to Underperform, warning that sales of the iPhone 3G seem poised to "blow through everyone's forecasts."
Apple this week confirmed one million iPhone 3Gs were sold in just three days. While we all experienced problems both at retail and when trying to activate the devices as the iTunes servers just couldn't cope with the demand, Seeking Alpha today called the launch the "biggest
