RIM’s boom – the BlackBerry 10 – will be more of a bust
Tom Dougherty, CEO – Stealing Share
7 December 2012
The BlackBerry 10 isn’t any different than the competition
Business successes are something to celebrate. But don’t be fooled by the buzz surrounding the newly released BlackBerry 10.
You may have read that Research in Motion (RIM) recently experienced a sharp rise in its stock. This was prompted by positive reviews of the company’s new phone, the BlackBerry 10. Until now, RIM had been the cellar dweller of the highly competitive communication market. The company was crippled by idiotic decisions, such as the release of its business-oriented tablet, the BlackBerry Play, without email capabilities.
“Today, the BlackBerry holds a splinter of the market, and the release of the BlackBerry 10 will only impress those clinging to the past.”
Blunders and a lack of innovation combined to keep RIM behind the competition.
Last week RIM stock jumped and market watchers took notice. When Goldman Sachs invested in the company other investors quickly followed. This caused shares to close at $11.60, an 80% increase since September.
These numbers are cause for celebration — but RIM’s party will be short lived.
The BlackBerry 10 meets the market’s necessities in a phone: multitouch technology, live information, social network integration, email, voice mail control and an effective keyboard. Yet there isn’t a marketable difference between the BlackBerry 10 and its competitors. You don’t steal market share by mimicking the market.
Years ago, RIM was the king of the cell phone industry. The BlackBerry was a pioneer in communication, a staple in business, and the phone customers craved. It ruled because it was was different and better than any other device being sold. Today, the BlackBerry holds a splinter of the market, and the release of the BlackBerry 10 will only impress those clinging to the past.
RIM’s success is admirable, but it’s too little too late.
Ataribox Tom Dougherty, CEO - Stealing Share 18 July 2017 Ataribox is perfect for this moment in time I’ll repeat just as I have said in the past, “I am by no means a video gamer.” But I do know Atari and have an interest in Ataribox. But my lack of gaming skills...
Time rebranding Tom Dougherty, CEO - Stealing Share 17 July 2017 Time rebranding is fools gold with name change News reports say there’s a Time rebranding effort afoot. And I think it’s fool’s gold to think that will make the company (and its magazines) more relevant....
Boston Scientific Tom Dougherty, CEO - Stealing Share 13 July 2017 Boston Scientific TV spot doesn't create preference There are few, if any, companies that brand products and companies in the medical device category more than Stealing Share. We’ve worked with...