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RIM stock price continues to tumble

RIM stock price continues to tumble
The line should be going up. Up is good.
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RIM's stock price has taken another hit as the company looks to turn its fortunes around following under-par financial results.

The BlackBerry maker has seen its market share decline rapidly in the US, one of its key markets, and while it remains buoyant in other territories (such as the UK, where it's incredibly strong in the pre-pay markets) the Canadian firm still has suffered a stock decline.

The price dropped to $21.54, a level RIM hasn't seen since July 2006, when the company was creating super-business handsets like the BlackBerry 8707 (pictured below).

BlackBerry

From there, the company saw a meteoric rise to $144.56 per share in June 2008, off the back of a more fashionable and stylish range of phones like the Bold 9000 and the Pearl 8110, which slimmed down the chassis and brought a more modern OS to the market.

But despite the new range of BlackBerry OS 7 devices doing well (the Bold 9900 being one of the hottest smartphones around at the moment) the company still needs to show its future devices are going to compete with the likes of the iPhone 5 and the next wave of top-end Android phones.

RIM has already hinted at it will cut the price of the Playbook after it performed 'well below expectations' and continues to work on QNX devices in an attempt at bringing a next-gen smartphone performance to its range.

Gareth Beavis

Global Editor-in-Chief

Gareth has been part of the consumer technology world in a career spanning three decades. He started life as a staff writer on the fledgling TechRadar, and has grown with the site (primarily as phones, tablets and wearables editor) until becoming Global Editor in Chief in 2018. Gareth has written over 4,000 articles for TechRadar, has contributed expert insight to a number of other publications, chaired panels on zeitgeist technologies, presented at the Gadget Show Live as well as representing the brand on TV and radio for multiple channels including Sky, BBC, ITV and Al-Jazeera. Passionate about fitness, he can bore anyone rigid about stress management, sleep tracking, heart rate variance as well as bemoaning something about the latest iPhone, Galaxy or OLED TV.