Wall St. Havoc Deals Blow to Mobile Phone Makers
Reuters reports Mobile phone makers and operators risk losing thousands of their most profitable customers as financial havoc whacks the global banking industry.
Analysts said the success of Blackberry-maker RIM is the most dependent on Wall Street’s future.
In worst case scenario 40,000 workers may lose their jobs in finance following Lehman’s collapse and problems at other big financial firms, New York Governor David Paterson said earlier this week.
“RIM probably looks most exposed to any downside risk in this segment,” said analyst Neil Mawston from research firm Strategy Analytics, adding that also Palm and HPcould feel the pinch.
Handset
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