Friday Mar 14, 2025
Wednesday, 2 May 2012 00:04 - - {{hitsCtrl.values.hits}}
Reuters: Struggling BlackBerry maker Research In Motion could well cede a much larger chunk of market share in coming months, RBC Capital Markets analyst Mark Sue warned on Monday, the eve of the company’s annual showcase, BlackBerry World.
“In the ever competitive smartphone market, Nokia, RIM, Motorola, Sony, LG, and a slew of others are donating market share, while Samsung and Apple continue to gain market share,” Sue wrote in a note to clients.
Sue said that although RIM is set to launch a new generation of BlackBerry 10 smartphones later this year, the company could soon see its share of the global smartphone market dip below 5%.
RIM had an 8.8% slice of the global smartphone market in the fourth quarter, according to research firm Gartner, down from 14.6% a year earlier. Apple and Android smartphones accounted for almost three-quarters of the market, up from less than half a year earlier.
Sue, who has a $13 price target on shares of RIM, also moved the stock to the “speculative risk” category from the “average risk” category.
Sue’s warning came a day before Tuesday’s start of RIM’s big annual BlackBerry World event in Orlando, Florida, where the bring out applications for its devices.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.
Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.