By Chiprang Guest Staff Analysts are no longer impressed by RIM's plans to expand its presence in the smartphone market. Many believe ...
By Chiprang Guest Staff
Analysts are no longer impressed by RIM's plans to expand its presence in the smartphone market. Many believe RIM will soon meet its end as the financial downturn could turn the once flourishing company into ashes. The company will eventually run out of money... RIM also recently announced that BlackBerry 10 will be further delayed from the second half of this year to the early months of 2013.
Several brokerage firms already made a move by cutting price targets on RIM's stock. Some were even bold enough to pull the plug by cutting as much as 40% of their stocks. This came a few days after RIM announced its quarterly results. The delay of the new BlackBerry 10 platform turned off RIM's shareholders even more, labelling the company as "hopeless" and "pointless."
RIM watched its shares plummet to more than 15%. Things could get a whole lot worse if decisions are not made and actions are not taken. Analysts believe if RIM continues to maintain its critical stage, the company will be doomed to spiral downward and fail.
Even if the new BlackBerry 10 platform is a success in some ways next year, it will not drive the company back to the top because of its continuous losses. Many have predicted the age of BlackBerry phones will come to an end in several years from now. Their popularity will slowly decline as Apple and Android phone manufacturers continue to spiral upward with their amazing array of innovative handsets.
The new BlackBerry 10 platform that will be introduced next year will determine the faith of the struggling company. Originally expected in the second semester of 2012, RIM's announcement of the delay contributed to a significant drop of its stocks. However RIM is not about to throw in the towel just yet.
RIM is struggling so much many believe it will fall apart sooner than everyone expects, analysts say. Analysts further reviewed RIM's financials saying the company has no hope left and have encouraged investors to invest elsewhere since the company is not expected to succeed in the long term. With its declining stocks, the company's value in the market will significantly become lower, and could hit rock bottom.
Want to read more from the same author? Check out this post on BlackBerry Desktop Manager.