According to a Sanford C. Bernstein Ltd. survey, more companies are opting for rival platforms and RIM's stock is suffering. RIM's stock fell the most in six weeks of US trading.
Sanford Bernstein analyst Pierre Ferragu said 200 companies in the US and UK were surveyed and 74% now allow their employees to use platforms other than BlackBerry. In the US alone the figure was 83%.
"This phenomenon is very new and we expect it to put increased pressure on RIM’s performance," Ferragu wrote.
"RIM fell $2.52, or 5.5 percent, to $43.06 at 2:47 p.m. New York time in Nasdaq Stock Market trading. Earlier, the shares slid as much as 5.7 percent, the steepest intraday drop since July 16. They declined 33 percent this year before today, as Apple gained 15 percent."
Things are not looking so great for RIM these days. With strong competition from Android and iPhones RIM is really facing a tough battle. Will they be able to keep their top spot in the enterprise market? It's looking doubtful.
Sanford Bernstein analyst Pierre Ferragu said 200 companies in the US and UK were surveyed and 74% now allow their employees to use platforms other than BlackBerry. In the US alone the figure was 83%.
"This phenomenon is very new and we expect it to put increased pressure on RIM’s performance," Ferragu wrote.
"RIM fell $2.52, or 5.5 percent, to $43.06 at 2:47 p.m. New York time in Nasdaq Stock Market trading. Earlier, the shares slid as much as 5.7 percent, the steepest intraday drop since July 16. They declined 33 percent this year before today, as Apple gained 15 percent."
Things are not looking so great for RIM these days. With strong competition from Android and iPhones RIM is really facing a tough battle. Will they be able to keep their top spot in the enterprise market? It's looking doubtful.
