I just got back from a trip to Colombia (the one in S. America, hence the "o")' and there has been an explosion in the # of Blackberries there over the past year or so since my last trip. EVERYONE suddenly has a Blackberry.
Why is this bad for RIM, you ask? Because hardly anyone in Colombia can actually afford to pay hundreds of dollars for a smartphone, so apparently RIM is dumping them in the Latin American markets. The last time I saw this happen on such a scale was with video tapes... When VHS beat out Sony Betamax as the dominant video technology, Sony dumped their stock in Colombia (& probably elsewhere in S. America). Even into the early 2000's, everyone in Colombia watched their movies on Betamax.
As an aside, the same thing happens with toys that are defective or otherwise can't meet US sarety standards... Every toy my kids have ever gotten from my Colombian in-laws has fallen apart within about a day.
So remember, parents out there, if you're in S. America, don't let your toddler suck on that toy car!
And RIM investors, you've been warned.
Why is this bad for RIM, you ask? Because hardly anyone in Colombia can actually afford to pay hundreds of dollars for a smartphone, so apparently RIM is dumping them in the Latin American markets. The last time I saw this happen on such a scale was with video tapes... When VHS beat out Sony Betamax as the dominant video technology, Sony dumped their stock in Colombia (& probably elsewhere in S. America). Even into the early 2000's, everyone in Colombia watched their movies on Betamax.
As an aside, the same thing happens with toys that are defective or otherwise can't meet US sarety standards... Every toy my kids have ever gotten from my Colombian in-laws has fallen apart within about a day.
So remember, parents out there, if you're in S. America, don't let your toddler suck on that toy car!
And RIM investors, you've been warned.