RE: RIM Third in Smartphon MarketRIM has 24% of the smartphone business whilst Apple has 26%.
So why is RIM being scare down as if they are going out of business?
Analysts are forcasting that for their respective fiscal year.
Apple will make $24.58 EPS and RIM will make $5.58 EPS.
Apple profits - 4.5 times more than RIM.
So why then APPLE stock is trading over 13 times RIM?
RIM is not going out of business, and to booth they are more profitable than most of the
Banks and Telcos.
They don,t pay a dividend, so all its earnings are added to its book value.
Its ludicrous to sell off a company, because its not first anymore.