“It’s a blow upon a bruise. It comes at a bad time,” said Richard Windsor, global technology specialist at Nomura. “One possibility could be that it encourages client companies to look more at other options such as allowing users to connect their own devices to the corporate server and save themselves the cost of buying everyone a BlackBerry.”
Companies are already encouraging employees to use alternative smartphones such as Apple’s iPhone. [Apple’s Bounce at 200-Day Average Powers Nasdaq ETF]
Apple shares represent nearly 15% of QQQ and are the ETF’s top holding. [Nasdaq ETF Rides Apple in Break Above 200-Day Average]
The stock weakened late Wednesday but stayed in the green. Apple said orders for the iPhone 4S topped 1 million in the first day.
PowerShares QQQ
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Max Chen contributed to this article.