The End of the Blackberry is Near

RIM - Large Hindenberg Pic

The numbers for Research in Motion's Blackberry continue to deteriorate Hidenberg style.

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

RIMM beavisBlackBerry'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..

source: latimes.com

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What a crappy, jump on the band wagon article!!!

RIM is a great company.  They will probably turn it around and its stock should gain 400% in the next 6 months.

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