We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Alphabet Inc | NASDAQ:GOOGL | NASDAQ | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
1.94 | 1.19% | 164.72 | 164.71 | 164.87 | 167.12 | 163.09 | 164.35 | 33,493,153 | 00:59:42 |
Struggling smartphone manufacturer Research in Motion Ltd. (RIMM) has unveiled a prototype of its much awaited next-generation Blackberry 10 operating system. The new operating system will be much more user-friendly and is expected to be loaded with more applications compared to its legacy smartphones.
Research in Motion is facing severe problems due to an increasingly competitive landscape, primarily from Apple Inc’s (AAPL) iPhone and from other smartphone manufacturers which run Google Inc’s (GOOG) Android platform. The primary reason behind Research in Motion's huge market share loss in the high end smartphone segment is the lack of applications in its legacy handsets.
Even in the lucrative emerging markets, Research in Motion is facing pricing pressure from Taiwanese and Chinese handset manufacturers. We believe the company is betting on its new Blackberry 10 OS to be a potential game-changer for them.
The new operating system is based on QNX software, which is compatible with various open-source coding language, and also runs certain applications from its existing smartphone. The new software is designed to simplify the task of application and content developer.
The company is working with several application developers like Endomondo and Gameloft to develop content and applications for its upcoming smartphone. Research In Motion purchased Swedish user interface company Cascades in 2010, which develops high resolution applications.
Though Research In Motion is yet to come up with the device, it is expected to be launched as a touch screen device rather than it’s very own Alpha Dev platform and is seen as a potential competitor to the iPhone. We believe although the company has tied up with several application developers and have nearly 70,000 applications, it still lags the iPhone with respect to apps -- iPhone has more than half a million apps.
According to research firm IDC, the company’s market share has slipped to 6.7% from 13.6% a year ago. We believe this is the last throw of dice for Research In Motion, as another failure could be a massive blow for them.
We, therefore, maintain our long-term Underperform recommendation on Research in Motion. Currently, Research in Motion has a Zacks #4 Rank, implying a Sell rating over the short term.
1 Year Alphabet Chart |
1 Month Alphabet Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions