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RIM to benefit from Apple’s patent attacks on Samsung

Updated 4 years ago
BGR

As Samsung’s latest devices continue to be targeted by patent complaints filed by the likes of Apple and Microsoft, Research In Motion may reap the benefits of these numerous quarrels. In a note to investors on Tuesday, Gus Papageorgiou of Scotia Capital sees Apple’s multiple complaints against Samsung as potentially opening doors for the struggling BlackBerry maker. Pointing specifically to Apple’s recent win barring the sales and marketing of several new smartphones by three European Samsung subsidiaries, Papageorgiou believes sales of RIM’s new BlackBerry 7 devices will be bolstered by the void these devices will leave in certain regions of Europe if the ban goes into effect on October 13th as scheduled. He also notes that the new BlackBerry Bold 9900 is already selling well in Europe, however, which means RIM’s potential benefits from the impending ban on Samsung smartphones could be icing on the cake. Read on for more.

“These initial victories for Apple do not bode well for Samsung especially in the European market where its market share has moved from 5.0% Q2 last year to 18.8% this year,” the analyst wrote. “In addition to these legal issues, we believe the BlackBerry Bold 9900 is already outselling the Samsung Galaxy S. Based on GSM Exchange’s website, which tracks the top 3 most actively traded devices in Europe, the Bold 9900 is now in the #2 position ahead of the Samsung Galaxy S II and behind the iPhone-4 16Gb.” Papageorgiou raised his price target on RIM stock to $46 from a previous target of $35.60, and he upped his rating to Outperform from Sector Perform.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.