Is RIM’s Stock Worth Buying?
Research In Motion Limited (NASDAQ/RIMM; TSX/RIM) has been one of the worst-performing technology stocks in recent memory. As the mobile environment has continued to evolve, Research In Motion (RIM) has failed to keep up with other technology stocks that were developing new and innovative products. This is clear from the current market view, as represented by the huge decline in RIM’s stock price and the massive decline of its market share. While at one time RIM had over 40% market share in the smartphone segment, it’s currently in the low single digits—a huge decline in a short period of time.
Some investors are hoping that the current price level is a bottom for the share price. With other technology stocks in the sector soaring to new heights, namely Apple Inc. (NASDAQ/AAPL), everything for RIM rests on the view platform called “BB10.”