iPhone Hits Five Years Old…… RIM Stock Plummets 20%…. Happy Birthday
Five years ago today the iPhone was released. RIM looked at the iPhone and considered it to be “impossible” at the time. So the fact that RIM stock took a 20% hit today is beyond ironic. It’s just a highlight of how far RIM has fallen. Here’s some other signs of how far RIM has fallen. As of late May, Blackberry held a paltry 6.4% of the smartphone market worldwide. Compare that to Apple who has 23% of the market and the big winner is Android who has a grand total of 59% of the market.
Sucks to be RIM.
There cannot be any way back for RIM now. It will either die or it will be sold in whole or in part. That’s too bad. But that’s what happens when you don’t take potential threats seriously.