Apple And Research In Motion Talking?

Apple RIM

In the world of technology, the rumors of talks between two tech giants in nothing new. Everybody wonders what is happening.

Due to various lawsuits, Apple’s talks with Samsung and Motorola may not make interesting news. As news involving Apple with Research In Motion (RIM) do not make frequent news, talk between them can certainly make us curious.

Will Apple purchase the once formidable smartphone king RIM? This possibility cannot be ruled out.

On Tuesday, 29 May 2012, Bloomberg reported that RIM’s inventory of BlackBerrys and PlayBooks were unsold product that the company could not get rid of. Now according to the report, it may be worth more than $1 billion dollars. Internal numbers and research at Bloomberg show that the value of RIM’s in-house supplies grew 18 percent just in the last quarter.

Problem is only growing worse for RIM as the BlackBerry maker cannot find its once substantive hold in smartphone market against the likes of Apple and Google. Android and iOS-powered devices now account for the overwhelming majority of new smartphone purchases around the world today. On the other hand, RIM is barely registering on the radar in comparison.

Neeraj Monga, an analyst at Veritas Investment Research, told Bloomberg:

“Clearly this stuff isn’t selling. Despite all the writedowns they’re taking on the inventory, these inventory levels are not dropping.”

Monga is keeping a “buy” recommendation on RIM’s stock as it appears that RIM will be sold to a big bidder.

Apple has not commented on this matter so far.

Source: Modmyi

Image Source

Written by

The author didnt add any Information to his profile yet