“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.]
Rim we hardly knew ye. R.I.P.
But … but … how can that be?! Apple is in DANGER! Apple … no Netbook! … Apple, they can’t … doesn’t run Flash! … No physical keyboard! Dividends! What about the dividends?!! Apple Retail … Shutting doors soon … Painful experiment! Only Apple Fanboys … Apple’s not open source! Apple… they’re … but … THIS CANNOT BE TRUE!!!!
Didn’t they assure us that FLASH support would end the amateur hour of iPad?
This pretty much sums it up:
http://www.geekculture.com/joyoftech/index.html
Permalink: http://www.geekculture.com/joyoftech/joyarchives/1630.html
Stop beating a dead horse.
Isn’t that flogging a dead horse??
So are you saying that RIM is a dead horse?
As Richard Pryor said:” We are gathered here today in memorium of the dearly departed. He was dearly, and now he is departed”
This has been a very slow-mo train crash coming. The neon writing has been glowing brightly on the wall for years now, so we cannot feel sorry for the long term RIMM stockholders.
Maybe Microsoft should buy them.. hell.. MS spent 8.5 Billion on a free internet service.. this would be a good deal 😉
MS is waiting for Nokia to go this low. Their special agent Elop is in place in doing a good job for them.
So no more bad mouthing Apple. No more running around the hallways telling every one the iPhone is impossible to make, it doesn’t exist, its BS from Apple….
This is 1/2CEO, I assure all of our stockholders we have everything under control. We’ll be coming out soon with a new smartphone and tablet. We call them R’Genius Phone, and R’Genius Tab; and of course we have spent several days in research developing our own assistant R’Sally; an assistant with attitude. Watch this, “R’Sally dial CFO of RIM,” buzz, smoke , crackle, disembodied voice from phone, “Dial your own phone baldy!” 1/2CEO Continues We expect our products will totally obliterate the competition within a year of launch making us #1 again. I then plan to by an NFL expansion franchise, as well as a Hockey franchise. RIM is #1 forever…:-)
RIM will be known as the supplier of dead tech for dead horses soon. As in if you want to phone someone from the grave, use a BB.
Of course that make complete marketing sense, does anyone realize how many dead people there are??? The market is HUGE.
time to short sell this company out of existence
Y’know that bite mark in the Apple Logo? THat’s where the green worm came out and is slowly winding around the RIM.