RIM Taking a Beating in the Market
June '10 was when RIM's stock was at its highest this year, in the $60's. Now, those numbers have plummeted into the mid $40 range. It starts you wondering if it will hold, or continue the decline?
There are a multitude of issues that RIM faces, such as solving UAE and India problems with monitoring communications for their national security. If this challenge isn't overcome then BlackBerry e-mail and messaging services could be discontinued with them.
Compiled with that mess, the reviews of the newest release, the BlackBerry Torch, have been middle-of-the-road.
Although the Torch has a new look coupled with beefed up specifications, it just doesn't make the cut when compared to other smart-phones released just recently.
Amidst the obstacles that RIM has in front of them, many consumers have no intention of going anywhere soon. "I talk to the most risk-averse type of users, like defense contractors, and they would not even consider going outside of RIM," Wunderlich Securities analyst Matthew Robison said.
With the glass half full, there is a strong global presence, and an attempt at contending with competitors. Half empty though, there is a noticeable loss of clients. So where does that leave us? What are your opinions? Will you stay or will you go?
Give your feedback below!