| | Re: The End of RIM
RIM's global market share of smartphone sales fell to 4.8% in the last quarter, as published by IDC.
RIM's stock price has dropped 75% in the past year, and over 90% in the last 4 years.
They are gambling the company on BB 10. Delays in getting their product finished means they are going to miss the holiday sales period, and new devices from Apple, Microsoft and the continuing mess of Android devices isn't going to wait for them.
They showed an operating loss in their last quarter on writedowns of unsold hardware (BB 7 devices and Playbooks). The next quarter (to be reported on the end of September) doesn't look to be much better.
Where's the good news? Will they fail? I don't think so - IF they deliver a fantastic, earth shattering BB 10 device. In early 2013.