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"Our longer term view is that RIM will be forced to focus on the low end, emerging market opportunity, as we believe that segment remains the only jump ball the company and its products will be able to grasp."
It was not all bad news for RIM however, Scotiabank analyst Brown Palladium Boots
The stock fell to levels Grey Prada Trainers Uk unseen since 2003 2004 on Thursday. After dipping as low as $11.92 earlier in the day, RIM closed at $12.04 on the Nasdaq. Its Toronto listed shares, which fell Ralph Lauren Green Shoes
Agee analyst Shaw Wu said in a note to clients.
RIM's stock, down more than 70% in the last 12 months, fell 15 percent this week alone, even as the company attempted to win over analysts, developers and investors at its event in Orlando, Florida.
as low as C$11.77, closed at C$11.91.
"While we believe RIM is making some progress, we are unsure if BB10 will be enough to slow down strong iPhone and Android momentum," Sterne Prada Shoes Online Uk
In his note to clients, Papageorgiou however said "While RIM delivered some decent wow factor at the conference it was buried in some pretty boring enterprise focuses presentations."
Shares of BlackBerry maker Research in Motion dipped to an eight year low on Thursday, after this week's demo of its make or break new operating system failed to inspire investors and tech gurus.
RIM shares crumble as demo devices fail to inspire
"We don't see any scenario where BB10 can compete meaningfully against the three major smartphone operating systems: iOS, Android, and Windows Phone," said Wedge Partners analyst Brian Blair in a note to clients.
Research In Motion gave developers and analysts a glimpse of its next generation BlackBerry 10 smartphone at its annual BlackBerry World showcase. Most agree that the software looks decent, but analysts doubt that the product will be able to reverse RIM's fall from grace.
Gus Papageorgiou noted that developers at the event were quite impressed by the new BB 10 platform.
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