Analyst: Even with BlackBerry 10, RIM's 'glory days are past'

Research In Motion (NASDAQ:RIMM) will formally unveil is BlackBerry 10 platform Wednesday, and the company's stock price has more than doubled since late October in advance of the launch. However, Ovum analyst Jan Dawson is throwing cold water on RIM's comeback before it even gets off the ground, arguing that RIM cannot stop the fact that individuals are buying smartphones more than companies now and that the new BB10 platform is not aimed at converting smartphone users from other leading platforms. Dawson writes that BB10's introduction will lead to existing BlackBerry subscribers upgrading but that RIM's "glory days are past" and that its decline will continue. "In all, RIM continues to face the twin demons of consumer-driven buying power and a chronic inability to appeal to mature market consumers," he writes. "There is nothing in what we've seen so far of BB10 that suggests it will conquer the second of these demons, and the first is utterly out of RIM's control." Meanwhile, Lenovo said that recent comments from its CFO about a potential acquisition of RIM were taken out of context. Release

Sponsored by ADI

What if we were always connected? With the help of our advanced wireless technology, even people in the most remote places could always be in touch.

What if there were no ocean, desert, mountain or event that could ever keep us from telling our stories, sharing discoveries or asking for help? ADI’s next-gen communications technology could keep all of us connected.

Suggested Articles

Nokia said joint research with Telefónica confirms that 5G networks are up to 90% more energy efficient than 4G.

The Senate Commerce Committee voted 14-12 along party lines to move forward on President Trump’s nomination of Nathan Simington to the FCC.

5G means networks and transport are no longer a one-size-fits-all scenario.