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Apple App Store alone is more valuable than RIM: Analyst

Just to put things into perspective of how bad 2011 has been for Research In Motion, smartphone analyst Brian Hall points out that the company is now less valued than the value of Apple's App Stor

Just to put things into perspective of how bad 2011 has been for Research In Motion, smartphone analyst Brian Hall points out that the company is now less valued than the value of Apple’s App Store alone. At $13.44 a share, RIM is worth just $7.04 billion, which is less than the company’s books. Which means RIM’s assets are worth more than the market’s perceived valuation. In contrast, Apple is valued at upwards of $354 billion and has cash reserves of about $80 billion. What’s more interesting, however, is that some analysts believe that the App Store accounts for about 2 percent of Apple’s revenues, which makes its hypothetical valuation at $7.08 billion! So forget the iPhone, iPad and all the other goodies Apple sells, its platform for apps (of which Apple keeps 30 percent and gives 70 percent to app developers) itself is bigger than RIM the company. This certainly puts things into perspective as to how bad things currently are at RIM.

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  • Published Date: December 21, 2011 2:43 AM IST
  • Updated Date: December 21, 2011 3:26 PM IST