Research In Motion Limited (NASDAQ:RIMM) has lost its place among the top 5 smartphone makers.

Research In Motion Slips Out Of Top Five

IDC has reported that the struggling BlackBerry maker Research In Motion Limited (NASDAQ:RIMM) has lost its place among the top 5 global smartphone makers as its market share has falen below 6.7 percent.

The Waterloo based company lost its market share to Apple and Samsung.

The company bagged 19.9% of smartphone market share in 2009, but then slipped gradually and reached just 6.7% in the first half of 2012.

IDC analyst Kevin Restivo said, “Research In Motion Limited (NASDAQ:RIMM) is in uncharted territory now. Its newfound standing in the world is a direct result of intense competition and share losses to the likes of Apple, Samsung and other Android-powered phone sellers. Research In Motion Limited (NASDAQ:RIMM) needs new products in market soon if it’s to staunch the bleeding”

Research In Motion Limited (NASDAQ:RIMM) stocks were at 7.23 at the end of the last day’s trading. There’s been a -49.4% movement in the stock price over the past 3 months.

Research In Motion Limited (NASDAQ:RIMM) Analyst Advice
Consensus Opinion: Moderate Sell
Mean recommendation: Error
(1=Strong Buy, 5=Strong Sell)
3 Months Ago: Error
Zack’s Rank: 21 out of 26 in the industry