RIM's BlackBerry Sales Stagnate Despite Holiday Shopping
Even though it's the season of spending and retailers are enjoying the boon, at least one tech brand is conversely feeling the pinch.
Today, RBC Capital Markets analyst Mike Abramsky published a note to investors that RIM sales are actually slowing despite the imminent holidays. According to Mike, Android has gained momentum in key overseas regions for RIM such as Latin America, and RIM's severe service outage has maimed sales in major countries like France and Germany.
Abramsky's pessimism mirrors that of Canaccord Genuity analyst Mike Walkley, who issued a similar report last week.
RIM's stock dropped nearly 5% today to fall below $18 per share, down from a high of over $140 in 2008. Its share price has continued to slide down all year.
