{"id":11222,"date":"2012-05-01T01:45:11","date_gmt":"2012-04-30T23:45:11","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=11222"},"modified":"2012-05-02T13:55:43","modified_gmt":"2012-05-02T11:55:43","slug":"rim-faces-more-market-trouble-analyst","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/mobile\/11222\/rim-faces-more-market-trouble-analyst\/","title":{"rendered":"RIM faces more market trouble – analyst"},"content":{"rendered":"

Struggling BlackBerry<\/a> maker Research In Motion<\/a> could well cede a much larger chunk of market share in coming months, RBC Capital Markets analyst Mark Sue warned on Monday, the eve of the company’s annual showcase, BlackBerry World.<\/p>\n

“In the ever competitive smartphone market, Nokia<\/a>, RIM, Motorola<\/a>, Sony<\/a>, LG<\/a>, and a slew of others are donating market share, while Samsung<\/a> and Apple<\/a> continue to gain market share,” Sue wrote in a note to clients.<\/p>\n

Sue said that although RIM is set to launch a new generation of BlackBerry 10 smartphones later this year, the company could soon see its share of the global smartphone market dip below 5 percent.<\/p>\n

RIM had an 8.8 percent slice of the global smartphone market in the fourth quarter, according to research firm Gartner, down from 14.6 percent a year earlier. Apple and Android smartphones accounted for almost three-quarters of the market, up from less than half a year earlier.<\/p>\n

Sue, who has a $13 price target on shares of RIM, also moved the stock to the “speculative risk” category from the “average risk” category.<\/p>\n

RIM shares closed at $14.30 on Nasdaq<\/a> on Monday.<\/p>\n

Sue’s warning came a day before Tuesday’s start of RIM’s big annual BlackBerry World event in Orlando, Florida, where the bring out applications for its devices.<\/p>\n

Related article<\/strong><\/p>\n

BlackBerry\u2019s World is crumbling<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Struggling BlackBerry maker Research In Motion could well cede a much larger chunk of market share in coming months, RBC Capital Markets analyst Mark Sue warned on Monday, the eve of the company’s annual showcase, BlackBerry World.<\/p>\n","protected":false},"author":7,"featured_media":775,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[25,161,2600,157],"class_list":["post-11222","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mobile","tag-active","tag-blackberry","tag-blackberry-world","tag-rim"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11222","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=11222"}],"version-history":[{"count":6,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11222\/revisions"}],"predecessor-version":[{"id":11330,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/11222\/revisions\/11330"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/775"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=11222"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=11222"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=11222"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}