“The iPod touch Effect”, or Why RIM Could Have Been a Contender… but Isn’t
Yesterday a post on Cult of Mac related some bad news for the Canadian-based RIM. They noted, “Realizing its failure, the handset maker is ready to surrender to Apple in the consumer ring, and focus on its business roots… an arena which iPhone is also increasingly dominating.” Their comment was, in part, based on a report from Wunderlich Securities analyst Matthew Robison who reported, “We no longer anticipate Research in Motion recovering to participate in the mainstream of smartphone industry growth,” As a result Robison cut RIM’s target price from $76 to $46. I expect they are correct in their…