Valuation RidiculousDevice sales gonna slow down after next quarter. RIM has no new product introductions. Last 2 quarters and this quarter you see over half of device sales from existing customers upgrading. I did too. I had old Blue device with B&W screen. Went for colour. Even if they came up with better device next year am I really gonna upgrade again? No.
Even without slowdown, stock priced for perfection. Growth was 27%. Profits surged 100% only because of margin improvement. Margins can improve indefinitely. They will stability (likely even higher than where it is now), but then growth will only equal revenue growth. Stock trading at 50X EPS based on growth projections of 50%+.