Research in Motion (RIM) and its badly timed product launch of the BlackBerry Storm has done nothing for the company’s earnings, the Storm was thought of as BlackBerry’s answer to the Apple (NASDAQ:AAPL) iPhone with its touchscreen, actually lets correct that, the clickable touchscreen has been dubbed by major industry reviewers, a smartphone that’s not completely finished and doesn’t really come close to Apple’s popular iPhone.
Research in Motion (RIM) are blaming the worsening economy for its poor performance, which of course is a major problem for the majority of companies at the moment, although many analysts believe it’s got more to do with messy launch of the BlackBerry Bold and the BlackBerry Storm, with the many delays and problems the devices had as well as problems with the shipping.
With RIM stocks falling harder than Apple stocks recently investors have had enough, on Wednesday the shares fell to $38.96 and they have almost lost 66 percent, in the same period Apple stocks lost 42.5 percent in value and closed on Wednesday at $95.90.
Source: Marketwatch