RIM continues to disappoint

RIM continues to disappoint investors. Although their new tablet sales have been rising, the sales of their new smartphones are decreasing. The new smartphones that they launched in August were expected to increase sales dramatically setting up for the new software development named BBX that is expected to unveil in the new year. However, to RIM's disappointment, sales decreased where they are shipping fewer cell phones globally. Although the attempt to develop a new sleek device to surpass competitor sales, it was not more compelling then Apple's new 4s iphone or the new Androids. This devastating loss can be illustrated by their American market share. Their smartphone market share has slumped to a mere 9% from 24% earlier this year. The support staff of RIM still remain hopeful that sales will turn around in the near future. They are working meticulously hard to ensure they see this happen. View the image that represents RIM stock price above.

It is crazy how RIM sales were skyrocketing in every continent. Now, due to small glitches here and there, they are witnessing such a profound plummet that many individuals are beginning to doubt their ability. It is crazy how large the networking world has transitioned its way into smartphones and now individuals are able to connect with friends, business partners, and peers around the world through their device. Social networking is so important today, but do you think social networking's success could plummet like RIM's?