Seeking Alpha
Seeking Alpha Portfolio App for iPad
Finance
(1)
Market Currents

Research In Motion (RIMM) plans to open stores across the Middle East to offset falling sales in...

  • Thursday, April 12, 2012, 1:56 AM ET
    Research In Motion (RIMM) plans to open stores across the Middle East to offset falling sales in the U.S., and is in the final stages of negotiating a lease on a flagship store in Dubai. The Middle East expansion will likely be followed by a push into Africa.
Track new comments on this story

This news story has 6 comments:

  • And there goes the cash balance.
    12 Apr 2012, 02:03 AM Reply Like
  • 70% of RIM sales occur outside the US.
    12 Apr 2012, 06:28 AM Reply Like
  • That is very good news. RIM is leading the way in the Middle East. This will help put them back into the game.
    13 Apr 2012, 12:36 AM Reply Like
  • Why go after the American market when you've got the rest of the world.
    13 Apr 2012, 10:40 AM Reply Like
  • Exactly. The US market is tiny compared to the rest of the world. Even if the margins are smaller, who cares?! They volume will more than make up for that. RIM is on the correct path.
    13 Apr 2012, 11:00 AM Reply Like
  • The foreign market makes the US market look like nothing. RIM is doing what all the smartphone companies are trying to do, but RIM is succeeding where the others are not, most notably Apple.
    16 Apr 2012, 01:27 AM Reply Like
Other date
DJIA (DIA) S&P 500 (SPY)