RIM Sales, Stocks Collapse

Not all is well at RIM. RIM has steadily been dropping in popularity as adoption of Apple iPhone and Android handsets are on the rise.

Rossi Fernandes|Jun 18, 2011, 12:50:59 IST

RIM has been sailing through rough waters, for a while now. There has been a steady drop in their popularity, as more and more people are citing the Apple iPhone and Android handsets as their preferred ones. The latest RIM Playbook hasn’t received good reactions from the media, either. With news that the Playbook will hit Indian markets on the 22nd of June, 2011, we can only wait and see for ourselves. However, it is now being observed that it’s not just sales that are being affected, it’s also stocks.

Rough times

Stocks of the popular smartphone manufacturer have been dropping steadily over the year. RIM was expected to pick up a part of the market from Nokia’s losing market share. Experts doubt the very idea of investing in RIM as of now, due to the uncertainty of the success of future products from the company. Experts have been predicting that the Android and iOS device market will be the ones to look at, in the years to come. RIM has also gone back on targets even as rumours of job cuts and a buyout float around. A chunk of RIM’s revenue comes from the services that the existing devices uses. As newer products fail to attract customers, that part of the revenue will slowly but steadily be hit, as well.

Source: MarketWatch

By Rossi Fernandes

Our resident Hardware Ninja, Rossi, lives for speed - by uhh riding his bicycle. He's Tech2's utility man, dividing his time between cameras, software and intense bouts of Quake III. He's also a fan of all things obscure, case in point, Live for Speed (sic). Never heard of it? We rest our case. In his spare time he tries to teach our new joinees the tricks of the trade even though the blood sweat and tears, but give him a camera and all things forgotten.