The financial industry is one of the, if not the, major market for smart phones.

So I’m wondering when RIMM and PALM started sinking and AAPL started shooting up, are these movements being driven by fund managers and traders who are looking at their blackberries and treos while they’re keying in their buy and sell orders into the trading system?

I mean with Apple’s other introductions, iPods, Intel Macs, OS-X, and even Apple TV, we never got this type of market reaction.  Is it because smart phones are a product that Wall Street types are intimately familiar with and they have decided that the iPhone is much, much better than what they currently use?

Seems to me the iPhone line is going to be a MONSTER product, beyond what anyone would consider a reasonable guess right now.