Tuesday, October 21, 2008

RIM stock tanks as BlackBerry sales weaken

RIM stock tanks as BlackBerry sales weaken : Christopher Null : Yahoo! Tech

"Poor RIM can't catch a break these days. First the iPhone comes on the scene and grabs all the attention in the smart phone space, a market that had been dominated by RIM for the better part of a decade. Now come cuts in its sales and earnings forecasts, with analysts starting to worry that people just aren't buying BlackBerrys like they used to.

While one analyst at Pacific Crest Securities calls overall sales trends 'slightly disappointing,' signs point to some pretty troubling weaknesses in all of the company's new products: Sales of the BlackBerry Pearl Flip are being described as 'tepid at best,' and sales of both the standard Curve and new Bold are weak overseas (where the Bold is already on sale)."

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