“Research in Motion’s struggles in the smartphone market have driven its stock price so low that the company is worth less than the estimated value of just Apple’s App Store,” Katie Marsal reports for AppleInsider.
“At a price of $13.44, RIMM stock finished last week at a total value of just $7.04 billion,” Marsal reports. “That’s less than the $7.08 billion that Apple’s App Store is estimated to be worth, as noted by author Brian S. Hall.”
Marsal reports, “An analysis from Trefis places the value of the App Store at 2 percent of Apple’s market cap. AAPL stock has a market cap of $354 billion, or more than 50 times greater than RIMM, and 2 percent of that means the App Store contributes $7.08 billion to Apple’s market cap. ‘The App Store is probably worth more than BlackBerry,’ Hall wrote. ‘All of BlackBerry. Just the App Store. Nothing else. Not the iPhone or iPod. Not Mac. Just the App Store.'”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Andrew W.” and “Jax44” for the heads up.]