19 Dec 2011
Apple’s App Store is Worth More Than All of RIM
Author: Alex Heath | Filed under: Apple, Blackberry, Money, app store, iphone news, rim
Things aren’t looking good for Research in Motion. The Blackberry makers have failed to produce a viable smartphone competitor for the market year after year, and stock has continued tanking to new lows.
With RIM’s stock reaching $13.44 per share, the total company value was at $7.04 billion as of last week. The App Store is worth $7.08 billion, making the entirety of RIM worth less than only one part of Apple’s business.(...)
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