The reality is that the BlackBerry no longer has that glamour that it once held. The product is seen as archaic and old.
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New York, NY (PRWEB) March 15, 2012
In nearly five years, the Apple “iPhone” has leapfrogged ahead of Research In Motion’s “BlackBerry” to become the most sought-after smartphone in the world, according to George Leong, contributor to Profit Confidential. Leong digs deeper into this battle with his article, When the CrackBerry’s No Longer Addictive.
“I initiated coverage on Research In Motion at around $5.00 and watched the stock surge to over $140.00 by May 2008, up 2,700%,” says Leong. “The fateful day for RIM [Research In Motion] was the appearance of the Apple Inc. iPhone.”
While RIM is not yet dead money, Leong believes it’s pretty close unless, under its new leader Thorsten Gerhard Heins, it can come up with both a defensive and offensive answer to Apple’s iPhone and “iPad” tablet.
“I feel it will be difficult for RIM given the amazing brand consciousness of Apple as a global icon and the must-have smartphone,” says Leong.
Leong thinks the feeling on the Street is that the BlackBerry has lost its momentum not only to Apple, but also to new-generation smartphones employing the “Android” and “Windows” platforms.
“The reality is that the BlackBerry no longer has that glamour that it once held,” says Leong, “The product is seen as archaic and old.”
Profit Confidential, which has been published for over a decade now, has been widely recognized as predicting five major economic events over the past 10 years. In 2002, Profit Confidential started advising its readers to buy gold-related investments when gold traded under $300 an ounce. In 2006, it “begged” its readers to get out of the housing market...before it plunged.
Profit Confidential was among the first (back in late 2006) to predict that the U.S. economy would be in a recession by late 2007. The daily e-letter correctly predicted the crash in the stock market of 2008 and early 2009. And Profit Confidential turned bullish on stocks in March of 2009 and rode the bear market rally from a Dow Jones Industrial Average of 6,440 on March 9, 2009, to 12,876 on May 2, 2011, a gain of 99%.
To see the full article and to learn more about Profit Confidential, visit http://www.profitconfidential.com.
Profit Confidential is Lombardi Publishing Corporation’s free daily investment e-letter. Written by financial gurus with over 100 years of combined investing experience, Profit Confidential analyzes and comments on the actions of the stock market, precious metals, interest rates, real estate, and the economy. Lombardi Publishing Corporation, founded in 1986, now with over one million customers in 141 countries, is one of the largest consumer information publishers in the world. For more on Lombardi, and to get the popular Profit Confidential e-letter sent to you daily, visit http://www.profitconfidential.com.
Michael Lombardi, MBA, the lead Profit Confidential editorial contributor, has just released his most recent update of Critical Warning Number Six, a breakthrough video with Lombardi’s current predictions for the U.S. economy, stock market, U.S. dollar, euro, interest rates and inflation. To see the video, visit http://www.profitconfidential.com/critical-warning-number-six.