How can RIMM go much higher that the current $135? Blackberry products have up till now only been bought by executives, Congressman, and attys. But now, everything is changing with the launch of the Blackberry Pearl and other new consumer oriented products that are coming in 2007. Blackberry products are expected to have just 8 million subscribers in February 2007 (when their year ends).
In my humble opinion, the open end potential for RIMM is huge these next couple of years. According to Nokia this week...the world is expected to have a mind numbing 3 BILLION mobile phone users next year. RIMM has just 8 million out of a potential 3 billion? I can see them getting to 15 million users quickly (thinking next year)...then doubling again to 30 million. If (when) they get to 30 million users, it would still only be 1% of the world market. With their innovative design and great reputation it seems it just a matter of how fast they get there.
Coming up....I anticipate another beat and raise quarter to be reported on December 21st.
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- Jeff Farley
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