CHART: RIM Continues Its Downward Slide

RIM continued its slow motion implosion after releasing earnings last week. In the quarter ended August 31, RIM shipped 7.4 million smartphones, less than they shipped three years ago in Q3 2009. Global smartphone shipments have tripled over this same period.

Its global market share has slid from a high of 21 per cent in 2009 to 5 per cent in the second quarter. We don’t know what its market share will be in the third quarter yet, but given relatively flat shipments in a growing market, we would expect it to keep falling.

The mythical Blackberry 10 platform that RIM is basically betting the house on keeps getting pushed back further and there are legitimate questions whether it will ever see the light of day at this point. A sale or breakup of RIM seems likely at this point and, despite its slide, it still has a number of valuable assets that would be attractive to other market players.

RIM Shipments And Share

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