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!
Last edited by Neolantis; 08-29-2010 at 09:56 PM.
I will stay
Originally Posted by Neolantis
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Somewhat foreboding of misfortune . . . it appears that large corporations (historically very loyal users of BlackBerry) have been quickly adopting iSometing, while many friends of mine have already switched from RIMM to AAPL.
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Last edited by yhamaie; 08-30-2010 at 12:44 AM.
The market in the US has been hit hard for BlackBerry. Android continues to be the top seller in the US. I believe RIM is trying to push for the global market. But, one problem with that is the global market does not consume like the US market. So either RIM should become a Nokia and make cheaper but inexpensive devices, or, step up and come out with a device that is ahead of the game in a couple areas.
I also think that the lack of Apps for the BB has killed the phone. Sure RIM will always have a edge in the choice for business users. The other factor has been Verizon's choice to not promote the BlackBerry as much. What seemed to be Verizon pushing the Storm device has turned into Verizon now pushing the Android device. Just a lot of factors going on at once that is affecting the BlackBerry.
I will stay with RIM for now but would like to see some form of Loyalty payback. Common pwr connectors, charger docking stations for like models should support each (Storm 1 and Storm 2 come to mind). The investment in models and accessories from all users should show something. Their stock is down and who knows if it will continue to dive, hold steady, or recover. Their current status makes it difficult to continue to support when they come out with models, and continuous OS updates for it seems everything other than the S2. If their goal is to innovate and lead then they have fallen way short on that one. If it is to play catch up and hold steady then that is not or who I want to invest in.
They will have to come with the Black Pad or whatever it is going to be called with innovative features and or the S3 with some carrier support to keep, gain, and convert other smart phone users. Maybe some DAMAGE CONTROL is in order or a statement from the President or VP of Development.
Yep sticking with RIM...but really need something for the loyalty for real, like a 1Ghz processor :-)
When I purchased my BB I was excited because I finally had a BB. I saw myself being able to use BB devices for years to come. But after purchasing my first -- the Storm 1 -- I became disappointed very soon thereafter. When the Storm 2 was released I thought that it would change my opinion about the Storm, specifically, and RIM/BB in general. The S2 addressed my concerns but then I became familiar with other smart phones and I became disappointed again. This time it was because of the design process. Even today as I read about BB I am surprised that they have not addressed some core problems -- problems that may lead them to lose their market standing. Even the new Torch showed me that RIM doesn't have a clue about what their users want or needs. Its almost as if RIM is taking for granted that there core base will still be there. Why else will a company continue to make smart phones with an inadequate amount of onboard memory? Why else would a company make smart phones that do not compete competitively with Apple and Google? I have not decided if I would move from the BB but the inability of the Storm 2 to handle BB OS 6 is doing little to convince me to stay. My concern is next year. When RIM releases OS7 will any new phone purchased from RIM this year be adequate enough to handle that release? I just don't know if its worth it for me. I don't buy phones for the ability to make phone calls -- I use smart phones to give me computing capabilities where ever I am and with the necessary tools (or the ability to download the tools) to work where I am!!!! I know I am just one person and perhaps a blimp on RIM's radar but I need to see more from RIM than what I have seen so far. If the BB Torch is an indication of what RIM is going to release in the next 6 to 12 months then, IMO, RIM will continue to take a pounding in the markets.
Agree with your comments Mcannjul.....
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