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Apple’s App Store Now Worth More Than RIM

The BlackBerry manufacturer RIM (Research in Motion) seems to be in lot of trouble for recent few months. The company failed to produce a feasible smartphone competitor for the market. Also, recent outages further pushed the company to the new lows. To confirm this, Brain Hall recently reveals that Apple’s App Store alone worth more than RIM.

According to Hall, the current share price of RIM stands at $13.44, with total estimated worth stood at $7.04 billion. Moreover, Hall also highlight the fact that Apple worth over $354 billion at the moment. This clearly suggests that the Cupertino Company worth about 50 times more than the Canadian smartphone maker.

If we consider the analytics from Trefis, it gives us a clear picture of iTunes and App Store revenues that hardly make 2% of Apple’s total market, while App Store alone accounts for $7.08 billion to Apple’s entire market – slightly over RIM’s.

Hall describes it as:

Harder to believe is that the App Store is probably worth more than Blackberry. All of Blackberry. Just the App Store. Nothing else. Not the iPhone or iPod. Not Mac. Just the App Store.

It was the last quarter that revealed the real picture of the RIM’s progress. According to RIM, it hardly managed to sell 150,000 BlackBerry Playbooks during the last quarter. The company also announced that its next generation BlackBerry 10-powered smartphones won’t be available until late next year.

Contrary to this, Apple manages to sell over 11 million iPads in last quarter, which forced RIM’s investors to review their investment plans for investing in RIM.

A comparison between the two companies certainly suggests that RIM has to work really hard to gain its lost market. It has to perform well in every quarter to regain the lost trust of users in its product range. However, the survival of the company is at stake and it has to introduce a row of alternative measures before the arrival of the BlackBerry 10 to ensure its presence in the smartphone market.

It is the time to realize that the competition is getting harder and harder with each passing day. Companies which don’t keep face with the changing scenario of the market will certainly be pushed out by the rival manufacturers.

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