Yes, RIM Stock Price Plummeted After Hours. But, 5-Year Performance Still Impressive

RIM Shares Tank on Lousy Outlook

John Paczkowski noted that RIM’s lower than expected earnings caused an after-hours sell-off that dragged the stock down nearly 10 percent. It actually got worse as the night wore on. RIMM (ticker symbol) lost 11.84% of its share price value in after-hours trading. Its pre-market price is at $56.50, down from $64.09, as we wait for the market to open this morning.

This isn’t surprising given what we’ve seen reported here and elsewhere about relative smartphone marketshare changes in the past year.