RIM's share of U.S. smartphone market continues to dwindle
BlackBerry maker's stock falls to lowest point in more than two years
There now are more active users of Apple's iPhone in the U.S. than users of Research in Motion's BlackBerry smartphones, according to market researcher comScore.
While the iPhone has outsold the BlackBerry for awhile, this is the first time that comScore has reported more actual iPhone users than BlackBerry users over a three-month period.
(Also see: RIP, RIM)
In the three months ended in April, comScore said an average of 36.4 percent of U.S. smartphone subscribers over age 13 use devices running Google's Android OS. That's up from the three-month average of 31.2 percent in January, when Android led the market by less than one percent.
Apple, meanwhile, saw U.S. iPhone subscribers reach 26.0 percent in April, up from 24.7 percent in January.
This slight gain moved Apple into second place because the BlackBerry OS dropped to a 25.7 percent average U.S. market share in April from 30.4 percent in January.
Microsoft also lost ground, slipping to 6.7 percent average market share in April from 8.0 percent in January. Clearly Steve Ballmer has the U.S. mobile market just where he wants it. How does he do it?
Shares of RIM (NASDAQ: RIMM) on Friday fell nearly 5 percent to 38.53, their lowest price since March 2009, before finishing at 38.98, or 3.6 percent below Thursday's closing price.
And since RIM warned investors on April 28 that it would miss sales and earnings forecasts for the current quarter, shares have fallen 32 percent.
If any investment "experts" tell you that RIM is now a "value" buy because of its low stock price and revenue multiple, blah blah blah, ignore them. The company is in a tailspin and shows absolutely no sign of turning things around. Some value.