Andre Yoskowitz
3 Apr 2012 14:20
In an interview today with CNBC, Piper Jaffray analyst Gene Munster has said he believes RIM is "going out of business."
The analyst was asked whether he thought there was room in the market for the BlackBerry maker, which he flatly answered "No."
RIM recently had a terrible earnings quarter, showing a loss of $125 million compared to a profit of $1 billion in the same period last year. The company's new BlackBerry 10 devices have been delayed for so long that they are already outdated and are still months away from release.
Additionally, the analyst says Apple stock shares will head to $1000 a share, making the company close to being worth $1 trillion.
On the Windows Phone front, Munster says Nokia and Microsoft are strong together but the market has become a "two-horse race between Apple and Samsung."