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BlackBerry crumbling, Nokia not far behind
Research in Motion and Nokia are both sinking, albeit slowly and still bobbing above the surface, but failure to innovate and miserable product launches have contributed to their slow downfall.
The value of RIM's shares has dropped by more than 70 percent in the past 12 months, with its market cap has tumbled from $78 billion to $6.3 billion in three years. Nokia, on the other hand, has seen its shares drop by 90 percent in five years, and its market cap has dropped from $151 billion to $11.8 billion in four years. Still, towards the end of the year, after a declining share price, things are on the up.
BlackBerry 10 devices will launch on January 30, according to RIM, but the company will miss out on the lucrative holiday season by launching later in the months after Christmas. Nokia, however, continues to decline -- and even Microsoft, the firm's partner in the Lumia space, is looking for other partners to keep Windows Phone market share momentum going.
- Read more: Who falls first: RIM or Nokia?
- ZDNet Great Debate: RIM or Nokia: Which has the better turnaround prospects?