RIM Stock Analysis:(RIMM) under Pressure from Rivals

by smart_trader
source:beaconequity.com
Research In Motion, (Nasdaq: RIMM)(RIM), is expected to post its first-quarter fiscal results on June 24 following the close of trading.

With demand for smart phones exceptionally strong globally, the maker of the iconic BlackBerry’s is expected to post a 33% increase in net income for the quarter ended May 31.

RIM’s devices currently hold approximately 45% of the U.S. market and 18% of the international market, and are especially popular with corporate managers who like the high level of reliability and security offered by the BlackBerry.

But RIM has recently seen its market invaded by rivals.