Research In Motion (RIMM -5.8%) is cooling off today, thanks partly to Morgan Stanley's critical...

Research In Motion (RIMM -5.8%) is cooling off today, thanks partly to Morgan Stanley's critical note. Kantar Comtech estimates RIM's U.S. smartphone share fell to a mere 1.6% (down 690 bps Y/Y) in the 12 weeks ending Oct. 28, and its EU5 share fell to 5.3% (down 690 bps). The more that RIM's base in developed markets diminishes, the tougher it will be to rack up huge BlackBerry 10 sales, since RIM will have to "convert" more users from rival platforms rather than simply sell them on an upgrade.
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Comments (2)
  • sreimer77
    , contributor
    Comments (242) | Send Message
    Just like how those companies had to convert users. If a customer has seen the previewed device at lets say any one of the Blackberry event, through their sales rep or wholesaler, then they would know a pretty well reviewed, secure and top notch piece of hardware is coming out in 8 weeks.... Tomorrow they'll upgrade RIMM once this firms hedge fund clients have an opportunity to cover their shorts.
    27 Nov 2012, 01:14 PM Reply Like
  • gwynfryn
    , contributor
    Comments (6545) | Send Message
    It'll be interesting if they do, but I see this as a readjustment; I expect RIM to climb higher, but can't see why it should do so before the new year.
    28 Nov 2012, 04:25 AM Reply Like
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