According to Henry Blodget, CEO and editor-in-chief of Business Insider (and previously a Wall Street analyst) “RIM is dead”. “But now, Research In Motion’s amazing run appears to be over. The company has lost its lead in the smartphone market, and its market share is falling rapidly. And many long-time addicts like me have switched to iPhones or Android phones."A couple of the reasons for decline in RIM:
- Their products are no longer the best on the market there are now major players in the market with Apple and Android.
- The smartphone market has become a “platform game”; blackberry has fewer app developers than Apple or Google for android.
- Security and Microsoft Exchange integration aren't as important as they once were. Companies are now allowing employees to choose their device of choice. "Once dismissed as consumer toys, are now being adopted by enterprises, and that’s bad news for RIM."
It's interesting, on CanadianBusiness.com, there is a poll asking reader if they "still believe in RIM". According to the poll results this morning 76% of readers still see hope and believe in RIM. Have your say and vote now.
More on this topic:
