RIM Isn’t Even Worth As Much As The App Store By Itself
Here’s a sign of just how far BlackBerry-maker Research In Motion has fallen: Apple’s App Store is worth more than the entire Waterloo, Ont. company. Yes — just one Apple property could buy an entire company, lock, stock and smartphone.
Based on the Monday morning share price, RIM is worth around $7.04 billion while the App Store is valued at around $7.08 billion, according to smartphone analyst Brian S. Hall. An analysis by Trefis puts Apple’s market capitalization at $354 with the App Store contributing about 2 percent. The result: $7.08 billion, Hall writes at his blog. For RIM, though, there is little math needed to explain the trouble it faces.
Friday, the roof caved in on RIM after announcing another delay in introducing BlackBerry 10, an OS update that might have pulled the company out of the ditch. Instead, analysts were busy writing the companies obituary, suggesting anything that might appear now would be too little, too late.
Indeed, if anything, these latest financial numbers only highlight how behind RIM really has fallen. As the iPhone and Android fight over which platform will control apps, the Canadian company still hasn’t produced a smartphone consumers will buy. Additionally, RIM’s once-secure enterprise customers are jumping ship to iOS or elsewhere. Perhaps Apple could buy RIM. But the $7 billion question is why bother when the BlackBerry likely will be sold for much, much less in the near future?
(That's straight up rude & too harsh)
infinity HiGH
quote:
Originally posted by E2EK1EL
Here’s a sign of just how far BlackBerry-maker Research In Motion has fallen: Apple’s App Store is worth more than the entire Waterloo, Ont. company. Yes — just one Apple property could buy an entire company, lock, stock and smartphone.
Based on the Monday morning share price, RIM is worth around $7.04 billion while the App Store is valued at around $7.08 billion, according to smartphone analyst Brian S. Hall. An analysis by Trefis puts Apple’s market capitalization at $354 with the App Store contributing about 2 percent. The result: $7.08 billion, Hall writes at his blog. For RIM, though, there is little math needed to explain the trouble it faces.
Friday, the roof caved in on RIM after announcing another delay in introducing BlackBerry 10, an OS update that might have pulled the company out of the ditch. Instead, analysts were busy writing the companies obituary, suggesting anything that might appear now would be too little, too late.
Indeed, if anything, these latest financial numbers only highlight how behind RIM really has fallen. As the iPhone and Android fight over which platform will control apps, the Canadian company still hasn’t produced a smartphone consumers will buy. Additionally, RIM’s once-secure enterprise customers are jumping ship to iOS or elsewhere. Perhaps Apple could buy RIM. But the $7 billion question is why bother when the BlackBerry likely will be sold for much, much less in the near future?
(That's straight rude & too harsh)
Just wait till QNIX comes out next year! Then you'll see!! YOU WILL ALL SEE!!
[/typical RIM fanboyism]
I can't believe I ever considered buying any of RIMS products. I hate Apple too, but I'd buy an iPhone before I'd even think about getting a Blackberry. Everything I read about that company just reeks of failure. Management has their heads so far up their asses that they can't even begin to figure out how to save the company. They just wanna keep doing it their own narrow-minded way...and thus, RIM is plummeting.
GGM
Stock prices are 100% based on peoples perception of a company's value, not necessarily the actual value of a company at all. That's why in the dot com boom before investors fully understood the web and companies built around it you had IPOs starting at $10 and being traded for $100+ later the same day. This is also why Apple's app store is more valuable than RIM.
I don't know why but I swear the last year the media has had it in for RIM. Perhaps because they're Canadian perhaps because iOS/Android hype has bulldozed everything else, I have no idea. But all I can say is RIM has done some good things and made appropriate steps in certain areas and these either go massively unreported or get reported with a negative twist/undertone. I'm not a BlackBerry user so no bias here but the phones and company are not garbage. The 9360 is a great cheap phone if you want slim/light/low cost (something practically dead in the smartphone era) and the Bold 9900 is by far the best full keyboard unit on the market. They've fixed a lot of their problems and flaws as they've came up and continue to do so but big things don't happen overnight. All I'm saying is yes they're no where near where they used to be and if they want to recover they need things to happen at a faster pace. But they really don't deserve the degree of trashing they've got recently.
Look at Nokia who has fallen in an equally big way yet take none of the heat. Heck, their signing with Microsoft was their death sentence imo (and many others' opinion) and far worse than anything RIM has done yet the media reported on it as such a wonderful thing. Just like with 90% of anything else the media touches my advice is if you want the truth look at the facts, not at what people tell you to look at.
E2EK1EL
quote:
Originally posted by Prometheus Xex
Pod2G’s jailbreak is likely based on software-based (userland or kernel) exploit which means that a. there are relatively high chances of it working on iPhone 4S and iPad 2 and b. Apple will patch the exploit by releasing a software update (iOS 5.0.2 or iOS 5.1).
He seems quite optimistic to us, so we’re hoping that he’ll manage to get the iPhone 4S untethered jailbreak working very soon! Keep in mind that since the iPhone 4S and iPad 2 are based on the same A5 chip, once a jailbreak works on one device, it should be relatively easy to make it work on the other.
In a previous blog post, pod2g did confirm that coding and testing for his untethered jailbreak is complete for devices like the iPod touch 3G, iPhone 4 (GSM), original iPad and iPhone 3GS on iOS 5.0.1. The only thing that remains between this jailbreak and jailbreaking enthusiasts is packaging the code for public release and actually releasing it.
[/QUOTE]
There are many eager iPhone 4S users waiting for iPhone hacker @pod2g to jailbreak. Earlier today we reported about his update regarding caching issues he was experiencing with the 4S jailbreak. It seems that the obstacle has been overcome. In an update to his blog post, the iPhone hacker acknowledged that he had solved the A5 chip cache issue, which means the iPhone 4S jailbreak is in its final stretch.
His recent blog post mentioned the following:
I discussed with @saurik today about the launched boot process, and he’s found one missing piece of the puzzle I needed to have a perfectly stable jailbreak. He’s definitely one of the best iOS gurus out there. Thank you saurik! It appears that the untethered jailbreak stability was fixed alongside with the caching issues. Previously, it was uncertain how much time the fix would require but it turned out to be a quicker fix than expected. This gives us the impression that the iPhone 4S untethered jailbreak is nearing completion with a release date rumored to be set around Christmas time.
What is left unconfirmed is whether or not the iPhone hacker has a working tethered jailbreak for the iPhone 4S. Many people seem to be willing to settle for a tethered jailbreak while waiting on an untethered one, as any jailbreak beats none. With work progressing quickly though, everyone has high hopes of quick release. As usual, we will keep you updated with the latest news.
Prometheus Xex
^^^ A Merry Christmas to all of us indeed! :)
Vivid Boy
lookin for a cheap iphone 4s anyone???
geroin
quote:
Originally posted by Vivid Boy
lookin for a cheap iphone 4s anyone???
lol, good luck
E2EK1EL
Apple Reportedly Finalizes $400-500 Million Deal for Anobit
Apple has reportedly completed its acquisition of Israel-based flash memory firm Anobit in a deal worth up to $500 million. Hebrew-language financial newspaper Calcalist on Tuesday claimed that a deal had been reached after reporting earlier this month that Apple was in late-stage talks to buy the fabless chip maker. Apple has not confirmed the acquisition._Anobit’s website says its proprietary technology “significantly improves endurance, performance and cost of flash storage products and systems,” and Apple already uses Anobit’s chips in a number of its mobile devices and notebook computers.
There are fewer and fewer options for speech recognition these days, and they have just become even fewer with Nuance announcing they have now acquired Vlingo for an undisclosed figure. Following multiple lawsuits related to patent infringement, the two companies have apparently come to what CEO of Vlingo Dave Grannan is calling a “good outcome”. This is what he had to say in a prepared statement (via AllThingsD):
Vlingo and Nuance have long shared a similar vision for the power and global proliferation of mobile voice and language understanding. As a result of our complementary research and development efforts, our companies are stronger together than alone. Our combined resources afford us the opportunity to better compete, and offer a powerful proposition to customers, partners and developers.
Vlingo is notably used in various voice-controlled Android apps viewed as competitors to Apple’s Siri built into the iPhone 4S. However, it was also used by Siri (prior to it being used by Apple), before switching to Nuance…
In an interview with 9to5Mac, Siri co-founder Norman Winarsky said Vlingo was originally used as the speech recognition component of Siri before switching to Nuance. He notes, “Theoretically, if a better speech recognition comes along (or Apple buys one), they could likely replace Nuance without too much trouble. ” Here’s the full quote:
9to5Mac: How important is Nuance speech recognition to the Siri technology?
Norm: It is a lot less important than you’d probably think. When we first built Siri, we use Vlingo for speech recognition and as such, at the time of purchase the speech recognition component is modular. Theoretically, if a better speech recognition comes along (or Apple buys one), they could likely replace Nuance without too much trouble. That being said, Nuance has far and away the most IP in speech synthesis technologies in the industry. We should know, SRI launched Nuance as one of our incubated companies in 1995 and it IPO’d in 2000.
Mike Thompson, head of Nuance mobile unit, seems to attribute the decision largely to Apple’s Nuance-powered Siri:
E2EK1EL
WIND “in talks to buy Mobilicity”, says Bloomberg
A report today quoted Anthony Lacavera, WIND Mobile Chairman and CEO, that “There’s going to be new entrant shakeout in 2012.” That is a bold statement in itself and one that has been echoed throughout 2011. Lacavera said that “We obviously want to lead that” and it seems he might have been speaking about aquiring new entrant rival Mobilicity. Bloomberg reports that “according to a person familiar with the discussions” Globalive, WIND Mobile parent company, is “in talks to buy Mobilicity”. The terms of the deal has been revealed, but might may close as early as Q1 2012. Apparently the reason for considering Mobilicity is because “it uses compatible wireless frequencies”, plus it would increase their subscriber base by 50%.
It’s known that WIND currently has about 400,000 subscribers and Mobilicity has “attracted” 250,000 subscribers. Both carriers offer similar handsets, similar plans and operate in similar locations: Toronto, Calgary, Vancouver, Ottawa and Edmonton.
Both companies declined to comment on the rumour. Stewart Lyons, newly appointed Mobilicity President, stated that “We have never commented on speculation like this before and aren’t about to start now.”
Grabbing hold of Mobilicity would still not make WIND Mobile Canada’s 4th national wireless carrier, something they have strived to be from day one, as they still lack service in Quebec… what it will do is increase their distribution, which is key.
Mobilicity rumoured to launch an IPO Q1 2012, looks to raise $100 million
Wow, can this day get even more interesting? Over the past couple years there has been so much competition in Canadian wireless, usually between the Big 3 (Rogers, Bell, TELUS), and the new entrants. The newer players have made an impact, possibly not as strong as they initially thought, but certainly have helped drop handset prices and monthly rate plans – specifically for those located in Toronto, Calgary, Edmonton, Vancouver, Montreal and Ottawa. In addition, what they have really managed to do is make consumers intensely aware of the high cost of owning a wireless device in Canada.
With all this being said, the price of entering wireless, and competing with the incumbents, might have taken its toll on some carriers. Millions of dollars have been spent into network build outs, acquiring cell sites and ensuring customers are happy. From a subscriber level, WIND is itching towards 400,000 subs, Mobility has “attracted” a total of 250,000, Videotron racked up 253,900, and Public Mobile has 150,000.
Earlier today Bloomberg reported that WIND Mobile is “in talks to buy Mobilicity”, both companies declined to comment on the rumour. Now, coming out of left field is another possible strategy for Mobilicity. The Globe has come forward and stated their sources say that Mobilicity is tinkering with the idea of an initial public offering. If the sources are correct, then we could see an IPO early Q1 2012, coming in between “$15 to $20 per share with an eye to raising $50-million to $100-million”.
The bottom line here, if true, is that Mobilicity, legally named Dave Wireless, is looking at several options. One merging with a competitor, or the other is reaching out to the investor community/public to potentially fund future success (possibly for the upcoming 700-megahertz spectrum auction).
Stewart Lyons, President and CEO of Mobilicity, declined to comment on this rumour as well, stating that “It is business as usual”.
jester
quote:
Originally posted by E2EK1EL
A report today quoted Anthony Lacavera, WIND Mobile Chairman and CEO, that “There’s going to be new entrant shakeout in 2012.” That is a bold statement in itself and one that has been echoed throughout 2011. Lacavera said that “We obviously want to lead that” and it seems he might have been speaking about aquiring new entrant rival Mobilicity. Bloomberg reports that “according to a person familiar with the discussions” Globalive, WIND Mobile parent company, is “in talks to buy Mobilicity”. The terms of the deal has been revealed, but might may close as early as Q1 2012. Apparently the reason for considering Mobilicity is because “it uses compatible wireless frequencies”, plus it would increase their subscriber base by 50%.
It’s known that WIND currently has about 400,000 subscribers and Mobilicity has “attracted” 250,000 subscribers. Both carriers offer similar handsets, similar plans and operate in similar locations: Toronto, Calgary, Vancouver, Ottawa and Edmonton.
Both companies declined to comment on the rumour. Stewart Lyons, newly appointed Mobilicity President, stated that “We have never commented on speculation like this before and aren’t about to start now.”
Grabbing hold of Mobilicity would still not make WIND Mobile Canada’s 4th national wireless carrier, something they have strived to be from day one, as they still lack service in Quebec… what it will do is increase their distribution, which is key.
I saw that coming from day one. There could be a possibility down the road that WIND would become part of Videotron.
