RIM Suffers First Decline in Smartphone Shipments as Research Firm Predicts Single-Digit Share Price

Posted by Knowlton Thomas

New data from research firm IDC shows that RIM has suffered its first ever year-over-year decline in global smartphone shipments (comparing third quarters of the calendar years).

This week, research firm Canalys reported that BlackBerry marketshare in the US has shrunk to just 9%. America is—or perhaps was—both the largest and most profitable region for RIM.

The Waterloo company's stock has been battered heavily over the past couple of years, plummeting from a seemingly unstoppable high of more than $140 per share to an unthinkable low of below $20—a number not seen since the company was still a fledgling in the smartphone market back in the summer of 2004.

Toronto-based research firm Veritas released a report this week that RIM will not only drop to single-digit marketshare in North America, its share price is likely to decline into single-digit territory as well.

With RIM out of gas, Android-powered HTC surged past the Canadian company by doubling units shipped year-over-year. Apple and Samsung are now leagues ahead of the struggling BlackBerry maker—even Microsoft's Windows Phone 7 is gaining ground.

Myriad companies have slashed the prices of RIM's PlayBook tablet in a desparate bid to drive sales.

Company:
BlackBerry
Website:
http://www.blackberry.com
Location:
Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry solution in 1999. Since then, BlackBerry products and services have continued to change the way millions of people around the world stay connected. With the launch of BlackBerry 10, we have re-designed, re-engineered and re-invented BlackBerry. Not only did we introduce a... more


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Knowlton Thomas

Knowlton Thomas

Knowlton is the managing editor of Techvibes. Based in Vancouver, Knowlton has been published in national publications and has also appeared on television and radio. Previously he was an editor for New Westminster weekly The Other Press and served on its board of directors. When not working, Knowlton enjoys playing tennis, hiking, and exploring weird side streets. more



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