RIM is crashing -- this time, literally

The BlackBerry maker faces a network outage on the same day Apple's iPhone 5 is released.

By InvestorPlace Sep 21, 2012 1:25PM
Woman Sitting in a Cafe Texting, copyright Stephen Morris, Vetta, Getty ImagesBy Alyssa Oursler

iplogoThe few people who still own a Research In Motion (RIMM) BlackBerry -- once a must-have gadget -- may have gotten a final push away from the device Friday.

The company is facing a network outage, which has been confirmed in Europe, the Middle East and Africa so far, and comes almost exactly a year after a similar outage in 2011.

The issue is quite the opposite of what the company needed: a boost, any kind of boost. Shares were off about 5% as it is, thanks to the official release of smartphone king Apple's (AAPL) highly anticipated iPhone 5.

Plus, earlier this week, Yahoo (YHOO) announced that its employees will receive phones and released a list of models to be offered. RIM devices were nowhere to be found.

And that's just this week's woes. The crumbling company's stock has lost more than 55% since the start of the year.

RIM's share of the cellphone market stands at a decent 12%, but other numbers point to a much bleaker future. RIM captured a mere 2% of worldwide smartphone sales last quarter and is responsible for only 1% of Web traffic.

And when you compare the aforementioned market share with those of Google's (GOOG) Android and Apple's iOS systems -- 51% and 31%, respectively -- it begins to lose any slight shine as well.

It's far from breaking news, but I think it's pretty safe to say RIM is indeed on its way out.

I still remember when being able to BBM (BlackBerry-message) friends was a cool inner circle that I was on the outside of.

Oh, how times have changed. Now that I finally have an iPhone (albeit not the newest model), the tables have turned and the BlackBerry looks more and more like a laughable antique, especially on a day when many users can't even use the product to begin with.

As of this writing, Alyssa Oursler did not own a position in any of the aforementioned securities.

More from InvestorPlace
10Comments
Sep 21, 2012 8:02PM
avatar

I love my BB and I have a playbook too

Sep 21, 2012 7:15PM
avatar

HA!!! I took my iphone BACK to the store to get a Blackberry Bold. There are many more Blackberry lovers out here than you think Alyssa!

Sep 21, 2012 6:05PM
avatar
I also am a big blackberry fan, i just wished they released the BB10 phones this fall vs early next year, to compete with the iphone 5 WHICH I WILL GIVE A TRY... never owned an iphone but ill give it a shot just because i cant wait till feburary or so.. then if i dont like it ill sell it or give it away and get what ive been waiting on BB10.....and I also believe BB will make a comeback sometime in the future... my torch 9810 didnt have any problems today so =/ idk lady, and i dont understand why so many people want BB to fall or just go away somehow why pick on them, did they offend some of yall people somehow by hire cheap labor workers in poor countries and have them work in sweat shops? is that why so many are against BB =/
Sep 21, 2012 5:22PM
avatar
I love my Blackberry and it is probably not being tracked and monitored as the IPhones are - I understand that is why a lot of countries won't let you bring them in - because they are not a tool of the government - they actually are secure
Sep 21, 2012 4:48PM
avatar

I own a BlackBerry Bold and did not suffer an outage.  I too love my BlackBerry and have no desire to exchange it for an iPhone or Android.  In fact, my old Curve died and the Verizon Rep recommended a Droid.  I didn't like it at all.

 

So we'll see.  I'm old enough to remember when all the "experts" sore that Apple would go out of business.  My guess is that RIM will make a come back or be aquired, and if it's the later, I reckon the platform must be of value.

Sep 21, 2012 3:13PM
avatar
Blackberry phone's are awful, the worst phones ever. I only got it as it had many free ways to talk to people. But i'm on my 5th BB phone in less than 2 years. This one i have now can't receive text messages and i can't access the BBworld to download apps for my phone. I even now have Orange screwing me over with its £5 for free net per month, it doesn't work and takes all the credit when i use it online. When i get more work hours, i plan to buy a better phone, just don't know which one's good enough but i will never go back to BB again, urgh, what a waste of money. 
Sep 21, 2012 3:06PM
Sep 21, 2012 3:03PM
avatar

I got rid of and Andriod last year due to the hang up, reboot problems and got a Blackberry. I love it! the Andriod used to randomly make calls to numbers that were not even stored in my phone. I hope that there will really be a good model with BB10. Until then, I will wait out any switch.

 

My GFs Andriod needs rebooting and hangs all the time. She has had three, and they all do it. Almost as good as running Windows Vista!!!

Sep 21, 2012 2:37PM
avatar
Its still SO much better than an Iphone......My son had to have an Iphone like his friends and his freezes and locks up and loses stuff all the time. Not to mention its ridiculously hard to get media on it and off of it. My Blackberry 9860 is so much easier to use. My 16 year old said that he wants a Blackberry next time.
Sep 21, 2012 1:49PM
avatar
It wasn't that long ago that Apple was on the ropes and about broke...... and yes don't I wish I had mortgaged the farm and bought stock.  Anyway..... RIM will come back.... its not lost yet. 
Report
Please help us to maintain a healthy and vibrant community by reporting any illegal or inappropriate behavior. If you believe a message violates theCode of Conductplease use this form to notify the moderators. They will investigate your report and take appropriate action. If necessary, they report all illegal activity to the proper authorities.
Categories
100 character limit
Are you sure you want to delete this comment?

DATA PROVIDERS

Copyright © 2014 Microsoft. All rights reserved.

Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.

STOCK SCOUTER

StockScouter rates stocks from 1 to 10, with 10 being the best, using a system of advanced mathematics to determine a stock's expected risk and return. Ratings are displayed on a bell curve, meaning there will be fewer ratings of 1 and 10 and far more of 4 through 7.

125
125 rated 1
264
264 rated 2
485
485 rated 3
679
679 rated 4
640
640 rated 5
617
617 rated 6
632
632 rated 7
493
493 rated 8
276
276 rated 9
153
153 rated 10
12345678910

Top Picks

SYMBOLNAMERATING
TAT&T Inc9
VZVERIZON COMMUNICATIONS8
CTLCENTURYLINK Inc8
EXCEXELON CORPORATION8
AAPLAPPLE Inc10
More

VIDEO ON MSN MONEY

ABOUT

Top Stocks provides analysis about the most noteworthy stocks in the market each day, combining some of the best content from around the MSN Money site and the rest of the Web.

Contributors include professional investors and journalists affiliated with MSN Money.

Follow us on Twitter @topstocksmsn.