Yesterday for the first time in almost a decade, RIM’s stock price has fallen into single numbers. The BlackBerry manufacturer’s share price on NASDAQ fell and it can’t go up.
Last week, Research In Motion released a terrible financial status update and halted trading of its shares.
RIM is now in a process of improving their products after years of stagnant hardware and software, which logically led to install the new CEO – Thorsten Heins.
As the company tries to improve their products, so people would actually want to have them and tries to shake off the dust, it takes a serious crash in the stock market.
At noon on Monday, RIM’s stock price fell to under $10 a share, a number that has not been seen since 2003.
The lowest number during the day that RIM was trading at was $9.57 a share. Company’s stock price have fallen with more than 30% in the past year.