In 2007, stock in the Canadian company reached $236 per share.
By 2008, consumers were using their smartphones for much more than email, including Internet banking, taking credit card payments in remote locations, and navigating with GPS.
RIM offered a wide selection of BlackBerry smartphones by this time. Some introduced touchscreens, and others had flip or fold-out designs, but the company now faced competition from iPhones released a year earlier.
Many of RIM’s 9000 series phones, first released in 2008, are still marketed today, even after the release of the BlackBerry 10 in the last quarter of 2013. However, the lack of applications readily available for the iPhone and Android devices led to poor sales. The BlackBerry 10, along with its sister tablet, were highly promoted as a sweeping new designs by the company but flopped in the marketplace.
Today, stock market shares of the company hover just over $10 each.
(Image via RIM/BlackBerry)