The End of the Blackberry is Near
Research in Motion (RIMM) is nothing compared to the iPhone by Apple (AAPL) and Google's (GOOG) Android based phones. RIM will never catch its competitors, even Nokia (NOK) has a better chance at a turnaround.
Chew on this fact:
In 2010 BlackBerry devices accounted for nearly 42% of all smartphones in the U.S. In 2012 Blackberry accounts for only 11% on the U.S. smartphone market (source: Dave Chidley, Associated Press / February 18, 2012).
More the demise of RIM via the LATimes.com by Ryan Faughnder -- BlackBerry maker insists it's healthy, but customers prepare for the worst
BlackBerry's Research in Motion insists it's not in a "death spiral," but that isn't stopping many companies from preparing — just in case.
Most analysts who have been following the Canadian smartphone maker don't think the company will go out of business soon. Still, some companies that have relied on the BlackBerry for years are starting to hand out other smartphones to their employees.
Suffolk Construction Co. in Boston has been a RIM customer for more than a decade, but now it is looking to switch most of its 700 BlackBerry-equipped employees to iPhones by the end of the year.
"We had plans to move in that direction, and with the recent news that's been out about RIM lately, we've accelerated our plans," said Corren Collura, the company's chief information officer.
RIM's troubles underscore how a ubiquitous technology could lose its cachet so quickly. Until the last few years, businesses and government organizations looking to supply employees with mobile devices went almost exclusively with BlackBerry. Continue..
Best of the Blogs
Scanning and identifying the best blog entries every hour
- Consumer Sentiment Bounces Back for August | Financial Sense
- STTG Market Recap August 28, 2014 | FundMyMutualFund
- Dear Future American Generations, You Are Screwed | ZeroHedge
- Were European Bonds Mispriced in 2012 or are they Now? | ZeroHedge
- Movement to Declassify 9/11 Information Gathers Momentum ... 9/11 Commission Chairs and Congressmen Call for Declassification | ZeroHedge
- CBO: Obamacare Discourages Work | ZeroHedge
- Goldman Slashes EURUSD Forecast To 1.20 | ZeroHedge
The most relevant financial news and articles from the Internets
- MSN Messenger — Which Once Had 330 Million Users — Has Finally, Completely Died (... | Business Insider
- Which Is America's Best City? | BusinessWeek
- ... | StreetInsider.com
- Trading Radar for 8/09: Big Lots (BIG) Reports | StreetInsider.com
- This Sleek App Could Be Your New Favorite Tool For Collaboration | Business Insider
- This Is How Google Finds Its Floating Internet Balloons When They're Ready... | Business Insider
- Leopard Serena roars on as Ivanovic stunned at US Open | Business Insider