The story behind RIM was impressive. At first,… there was no matching RIM due to the BlackBerry’s e-mail function, but as phones became smarter, hence the term ‘smartphone,’ RIM’s initial rivals began to develop innovative phones that raised the bar.
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New York, NY (PRWEB) July 26, 2012
George Leong, contributor to Profit Confidential, thinks that Research In Motion Limited, otherwise known as RIM, is wagering its future as a company on the success of the “BlackBerry 10” operating system and its associated products. With the stock price down 95% over the last four years, Leong thinks lots of patience is required, which could be just too much to expect from investors at this time.
In the article “Research In Motion Had Better Be Right,” Leong notes that once it became the market leader, RIM became the target of all its rivals.
“The story behind RIM was impressive,” says Leong. “At first, there was no matching RIM due to the BlackBerry’s e-mail function, but as phones became smarter, hence the term ‘smartphone,’ RIM’s initial rivals began to develop innovative phones that raised the bar.”
Leong notes that RIM was able to fend off the competition, until, on June 29, 2007,
Apple Inc. launched the “iPhone” in the U.S.
“In five years, my stock analysis indicates that the Apple iPhone has become the top smartphone in the world,” claims Leong.
While Leong highlights that RIM is not dead yet, he suggests that funeral plans may be necessary unless something miraculous happens.
Leong notes users are not happy, as this next-generation BlackBerry has been delayed several times, driving up the release date to sometime in the first quarter of 2013.
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.