RIM’s stock, down 68% this year, falls next book value

BlackBerry builder Research in Motion’s batch fell next a book value Wednesday for a initial time in 9 years, a pointer that investors cruise a association to be value reduction than a net value of a property, patents and other assets, according to Bloomberg. Shares fell 39 cents, or 2%, to $18.91, next a per-share book value of $18.92 during a finish of final quarter.

BlackBerry, once a undisputed personality of smartphones, is confronting a horde of challenges.

The device widely credited with ushering in wireless email has seen a marketplace share plunge as a trendier iPhone and Android have risen in popularity. Customers have complained about countless product and program delays, as good as singular apps. Several tip executives during RIM have departed, and a association has been pegged as a takeover candidate. More recently, a phone that built a repute on confidence and trustworthiness was struck by a three-day use outage that influenced users on 5 continents.

Just dual years ago, RIM hold 46.8% of a U.S. smartphone market, according to investigate organisation IDC. These days, that figure has forsaken to about 11.6%.

“I wouldn’t count them totally out yet, though it’s going to be an ascending battle,” pronounced researcher Shaw Wu of Sterne Agee.

RELATED:

Rim’s PlayBook OS 2.0 pushed in Feb. 2012 with no BBM

RIM says BlackBerry use restored, apologizes for outage

BlackBerry Bold 9900, Torch 9860, Curve 9360 strike ATT in November

– Andrea Chang

Photo: Research in Motion’s President and co-CEO Mike Lazaridis delivers a keynote residence during a BlackBerry Devcon Americas discussion on Oct. 18, 2011 in San Francisco. Credit: Justin Sullivan/Getty Images