Apple 
Research in Motion’s share price has dropped so low, that’s apparently worth less than the estimated value of just Apple’s App Store alone.
RIM’s share price is currently $13.44 so its total worth is about $7.04 billion. Apple’s worth $354 billion which makes the Cupertino giant worth 50 times more than the Canadian smartphone vendor. iTunes and Apple’s App Store revenues account for about 2 percent of Apple’s market cap, and the App store contributes $7.08 billion, which is slightly more than RIM’s:
Harder to believe is that the App Store is probably worth more than Blackberry. All of Blackberry. Just the App Store. Nothing else. Not the iPhone or iPod. Not Mac. Just the App Store.
The Blackberry maker has seen their stock plummet after their quarterly earnings call that stated that they only managed to sell 150,000 BlackBerry Playbooks during their last quarter, and that BlackBerry 10-powered smartphones would only be available in late 2012.
By comparison Apple sold 11 Million iPads in their last quarter so RIM investors are panicking with Blackberry’s sales declining.
[via TNW]
Clinton is currently based in New Delhi, India and is executive editor for UnleashThePhones. He is responsible for all editorial decisions, and covers all forms of Mobile and mobile-related accessories.
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