Wednesday, June 19, 2024

Analyst Predicts Research In Motion Will Be Dead by 2013

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Business Insider: Ironfire Capital manager Eric Jackson says that smartphone manufacturer Research in Motion (RIM) will either be bought out or go out of business by the first quarter of 2013. “It’s a bad software company,” he said. “Bad cofounders, and they’re going to drive this company straight into the ground.”

Jackson says the company’s only hope is to release much, much better products next year. Even then he believes RIM would have an uphill battle because when companies with a 50 percent market share drop to a 10 percent market share, they don’t bounce back.

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