News

Industries

Companies

Jobs

Events

People

Video

Audio

Galleries

My Biz

Submit content

My Account

Advertise with us

News South Africa

BlackBerry maker's stock falls below book value

Troubled BlackBerry manufacturer, Research in Motion, has seen its share prices fall by 67% this year and the company is now worth less than it's book value according to a report published by Business Report.
BlackBerry maker's stock falls below book value

RIM has been losing business as other smartphone manufacturers - predominantly Apple and Android - have gained market share, putting pressure on RIM to shake-up its management and possibly sell off its patents, properties and other assets.

According to Business Report, RIM has struggled to keep pace with other smartphone manufacturers and has seen its market share fall from 24% last year to just 9,2% in the third quarter of this year. The company reported its first quarterly revenue decline in nine years in September.

For more:

Let's do Biz