Pct. brand value decline: 39%
Brand value: $3.9 billion (93rd)
Parent company: Research in Motion Ltd. (RIMM)
1-yr. change in revenue: -25.2%
The BlackBerry, built by Research In Motion, used to dominate the smartphone market, with loyal users often joking about their addiction to their "crackberry." Yet blunders such as a BlackBerry outage in late 2011, the failure of the Playbook tablet and stiff competition from Apple's iPhone and Google's Android devices have led to a rapid decline of BlackBerry's brand value. BlackBerry's share of the smartphone operating platform market dropped from 21.7% in July 2011 to 9.5% just a year later, according to comScore. Meanwhile, Apple's market share went from 27% to 33.4% in that time, while Google's share went from 41.8% to 52.2%. The parent company has seen its stock decline nearly 90% in the past three years. RIM announced in June that it would cut approximately 5,000 jobs out of about 16,500 employees, or around 30% of its workforce. RIM is pinning its hopes on the BlackBerry 10, which will likely come out in early 2013.
By 24/7 Wall St.