RIM’s 1Q results show “Competitive Dominance”


Research in MotionOr at least that’s what Dow Jones Newswires is calling it. This statement was in response to RIM reporting a quarterly sales increase of 35%, despite a slight dip in quarterly profits. Palm, in contrast, posted sales growth of only 20%, but has seen an 18% increase in share price compared to RIM’s shares remaining essentially inert. Dow Jones suggests that this is due to investors still being worried about the long-term effects of their lawsuit with NTP, as well as the increase in competition from Nokia and Motorola.