Beleaguered RIM now worth less than Apple’s App Store alone

“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.]

18 Comments

  1. 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!!!!

  2. 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.

  3. 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…:-)

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