Thursday, June 24, 2010
RIMM Reports
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BlackBerry maker Research In Motion Ltd. (RIMM) on Thursday posted a 20% increase in first-quarter profit, but sales and handset shipments fell below Wall Street's forecast. READ MORE>> updated news
The smartphone sector has become even more competitive with Apple & Android based phones. RIM continues to maintain a 70% share of the IT market, but many believe that Apple & Android phones are taking market share. However, RIM plans on introducing new products incorporating touch screen and a new OS. Itz believes that the smartphone market has room for competition and of the top companies, RIMM presents the best valuation.
Lets just do a side by side comparison of Apple to Research in Motion:
RIMM: AAPL:
EPS $3.96 $11.80
P/E 15.06 22.96
Forward P/E 10.79 19.70
5 year EPS
Growth 18.98% 17.8%
Profit Margin 17.1% 19.2%
Cash Flow Margin 19.8% 20.98%
Price/Cash Flow 15.41 27.40
Price/Sales 3.05 5.75
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