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Monday, June 20, 2011

Poor RIM shares hit a five-year low

Poor RIM shares hit a five-year low

There was a time when RIM owned the smartphone space with its revolutionary push email-equipped BlackBerrys. And there are still plenty of folks who can't live without a good physical keyboard and BBM. But, despite the company's $4.9 billion in revenue and $695 million in profits from Q1 2011, RIM's stock has tumbled to its lowest price in five years. What's changed since those heady days when it seemed like there was a Pearl in every pocket. As many of you know, Androids and iPhones have carved out a big chunk of the smartphone market, largely at RIM's expense.

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