New smartphones could “make or break” RIM
Posted Sep 19, 2011 05:24:18 PM.
This article is more than 5 years old.
Some analysts say the launch of RIM’s new smartphones in early 2012 will likely make or break the company. The world awaits their release, while RIM’s share value tumbles.
After releasing disappointing 2nd quarter earnings last week, Research in Motion stock closed down $0.21 today, at $23.72.
Tech analyst Carmi Levy says it’s because Bay and Wall Street go by the “what have you done for me lately?” approach and don’t care about the past.
Levy tells 570’s Gary Doyle show, in the tech sector, the next big thing is just right around the corner. “RIM has had a pretty good run on its own, there is nothing that says any one of these companies doesn’t have it in it to find something that’s similarly ground breaking and create an entirely new business line going forward. You just have to get to that point, you kind of have to stop looking back and start looking forward.”
As it stands, RIM is looking forward to the early 2012 release of its QNX based smartphones.
