Maybe Steve Jobs doesn't need to evangelize for the iPhone anymore.

That's because Research In Motion's BlackBerry Bold is not even out yet and already an equities analyst is bashing its prospects of duking it out against Apple's iPhone in the consumer market.

"In truth, despite stellar reviews, the Bold is a poor cousin of the iPhone," Needham analyst Charlie Wolf wrote on Thursday in a note to clients.

His criticisms were many. Among them he said RIM's Bold is powered by a primitive operating system in comparison with Apple's OS 10 operating system. He also pointed out that after July 11 the Waterloo, Ontario, smart phone maker would no longer have a price advantage against the $199 to $299 price range of Apple's iPhone.

The rise of applications on Apple's iPhone also poses a risk to BlackBerry's consumer position. That could mean the "triple digit growth rates" for BlackBerry's device in the consumer market could be wiped out by the end of 2008 or sooner, he said.

RIM's BlackBerry Bold is expected to come out in August. Version 2.0 of Apple's iPhone comes out July 11.