Is Research In Motion Really In Trouble?

According to a Yahoo Tech Ticker post, James Altucher believes that Nokia and Research In Motion days as players in the smartphone market are nearly over. Altucher gives a remarkably bold prediction about the fate of two of the country’s larger technology companies.

The Good

Altucher is extremely bullish on the prospects for Apple and Google going forward. He feels that the apps that both companies offer makes their products a hit with millions of customers. I would have to agree with Altucher’s assessment of Apple and Google. Both companies will likely dominate the smartphone market for years to come.

The Bad

Altucher had a pretty rough outlook for Nokia. He stated that “I don’t know anybody with a Nokia. Nokia still has a massive presence in the global market but its dominance is fading. In North America, sales declined, 21% in the first quarter of 2010, alone.”

His assessment of Research In Motion is even more harsh. “Research in Motion stock won’t go to zero but its best days are behind it because they lack the app offerings consumers want. For developers, Blackberry is a distant third on their priority list. Eventually they’ll be nothing.”

I recommended that investors pick up shares when the stock was trading in the mid 40′s. The stock at $60 a shares is too pricey for my tastes. I would dump them at the current $60 price level.

Do you agree with Altucher’s assessment of Research In Motion?

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