RIM’s stock fall to an 8 year low
The situation at Canada based Research in Motion has been mostly doom and gloom. From the departure of several high level executives over the last few months to a rumored mass layoff to a complete failure of a “protest” at an Apple store in Australia. Things are continuing to go down as the company’s stocks ended today at an 8-year low.
On the heels of Samsung’s announcement of the Galaxy S III’s arrival in America, RIM’s stocks began to slide. They dropped under the $10 mark, ending the day down 5.85% at $9.66. RIM’s stocks have not been that low since December 2003.
We’ll have to wait until tomorrow to see if Tuesday will offer any relief for the struggling manufacturer, but it doesn’t seem like the worst is over yet.