Research in Motion (NASDAQ: RIMM) no longer the 4th largest supplier of smartphones in the world, continues to fall behind Apple (NASDAQ: AAPL) and their iPhone. Samsung continues to lead the industry in sales. The market share figures for RIM are bad, further proof that their latest touch-screen Blackberry models cannot compete with either the iPhone or phones running Google’s (NASDAQ: GOOG) Android OS.
Samsung’s lead in the smartphone space increased to 25.6% while Apple’s market share soared to 11.2% up from 9.8%. The new iPhone 4s sales having now been counted.
Overall market share plummeted by 8.4% to 6.5% of the market, down from 7.1% the previous quarter. Numbers like that have to signal that the company is in serious trouble, especially given that the Blackberry 10 will not be ready until 3rd Quarter of 2012 with revenues shrinking at a 6% year-over-year rate.
Not only are they not selling as many phones they are losing the OS war as well. So, at this point, RIM has uncompetitive phones, no tablet, an unfinished OS to run both of their new products in each market which won’t be ready for another 9 months. I’d say there’s still room on the downside to short this sucker to oblivion.
RIMM stock lost 75% over its value over the course of 2011.
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