Can RIM's global market share fall below 5%? It's a scary thought, but RBC Capital Markets analyst Mark Sue believes it's all too possible.
Mark forecasts RIM will sell just 9 million BlackBerrys this quarter, below the going estimation of 10.5. And although he acknowledged that "RIM has no debt," Mark warned clients that if things keep going south, "RIM may burn cash next year."
But that wasn't the only grim statistic the analyst predicted. Mark anticipates RIM's average selling price to decline 20% this fiscal year. He also expects average service revenue per user to sink 9%. And he further suggests that unit sales will collapse 19%.
RIM shares are up 3% today to $14.50. The company is rumoured to be announcing its BlackBerry 10 platform and first device this August.