A Rough Year For RIM

By Matt Stiles | | Topics: Uncategorized

Not a good day today for BlackBerry maker Research In Motion, according to this Bloomberg piece: 

Research In Motion Ltd. plunged in extended trading after missing analysts’ estimates as sales of aging BlackBerry smartphone models slowed and the company shipped fewer PlayBook tablet computers than projected. 

RIM, based in Waterloo, Ontario, fell as much as $5.75, or 19 percent, to $23.79 in extended trading after closing at $29.54 on the Nasdaq Stock Market. The stock had dropped 49 percent this year as of the close of regular trading.

This line chart, made in Google Finance, shows day-to-day percentage changes in stock prices, allowing us to see how RIM has compared this year with its competitors (Apple, Motorola, Nokia, et al.).

RIM is the bright blue line at the bottom:

See a larger, interactive version