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BlackBerry’s Struggle in iphone market – AAPL, RIMM, GOOG

Apple Inc. (NASDAQ:AAPL) IPhone is winning more customers, as a result of which Research In Motion Limited (NASDAQ:RIMM)’s share fell since last three weeks as BlackBerry’s U.S. market share shrank to 1.6 %.

Research In Motion Limited (NASDAQ:RIMM) stock in New Work fell by 6.8% to $11.7 after a early decline of 8%.It was the biggest decline since Nov 7. The share down by over 17% for the year.

For the week ended Oct 28 the market share for the device declined by 6.9%, whereas the shares for Apple Inc. (NASDAQ:AAPL)’s iPhone has increased by 48%.

Research In Motion Limited (NASDAQ:RIMM) has pinned all its hopes and foresee on the success of the company’s BlackBerry 10 smartphones. Predicting the new line up, coming next year to confront Apple Inc.(NASDAQ:AAPL)’s iphone and Google Inc (NASDAQ:GOOG) Android operating system.

Apple Inc.(NASDAQ:AAPL) is known to play fair business ethics and maintains the loyalty level more than competition. Research In Motion Limited (NASDAQ:RIMM) was disappointed when it saw that people pereferred Iphone 5 over BlackBerry.

Research In Motion Limited (NASDAQ:RIMM) in order to develop its product and services and to draw the prospective customers it announced the launch of BlackBerry 10 models in the month of Feburary’13. Before the launch the company is conducting market survey on what are the extra features which people are looking and also trying to figure out the drawbacks which its competitors have so that it can capitalize on it. The company now focuses on the product development aspect in order to enhance its sale through customer satisfaction. IT sends the device for testing which is being done by 50 carriers.

Now all its hopes are with the newer model which will come with some newer and advanced features, for which Research In Motion Limited (USA)(NASDAQ:RIMM) is making sure that it provides the best features to its customers.

Research In Motion Limited (NASDAQ:RIMM) blackberry sales declined by 49 % in last quarter to $2.65 billion.

Share value of the following:

Apple Inc.(NASDAQ:AAPL) fell by 0.81% to close at $584.78.
Research In Motion Limited (NASDAQ:RIMM) fell by 10.52% to close at $10.72.
Google Inc (NASDAQ:GOOG) were up by 1.45% to close at $670.71.

Published by Chris Brown

About Me: I have a Phd in Economics Gender: Male Interests: Playing games like cricket, volleyball Favorite Music: hip hop, rock, jazz

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