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RIM Looks To Reassure Investors As Stock Slides

BlackBerry maker Research in Motion (RIM) has sought to reassure investors after news that the company's stocks have fallen 19 per cent so far during 2010.

Businessweek reports that RIM co-CEO Jim Balsillie said at the annual shareholders' conference that RIM's new web browser and operating system will be popular with consumers, and will rescue share prices.

Balsillie said that the 19 per cent fall had been prompted the belief of many shareholders that the company would not be capable of matching its previous performance. He made it clear that RIM intends to change that.

“My answer to that is to perform, and that is our intent,” he said.

RIM's BlackBerry is one of the most popular smartphones in the US, but has seen its market share falter as competition from Apple's iPhone and Google's Android platforms has increased.

IDC figures show that BlackBerry's share of the global smartphone market fell from 20.9 per cent in 2009, to 19.4 per cent in 2010, while Apple's increased from 10.9 per cent to 16.1 per cent over the same period.