RIM To Have 10% Of Smartphone Market By Year End

I just read an article on FOX Business News about an ABI Research forecast of RIM owning 10% of the smartphone market by year end. As Fox points out RIM has been growing every quarter from 7.2% in Q3 2006 to 9.5% in the last quarter. That puts RIM in second place after Nokia in the smartphone market. I guess RIM is going to need that new Texas location for growth.

The other interesting thing FOX points out is that:

ABI Research estimates $345 as the ASP of RIM handsets in 2007, which is substantially higher than the overall industry average of $248 for smartphones. The growing popularity of RIM’s devices indicate that consumers and carriers are willing to support higher priced handsets, if the feature set is right and the device is executed well.

If your interested in reading this kind of stuff you can read the full coverage by ABI in the report they recently released Research In Motion Strategic Review. All of this information comes from ABI Research’s Mobile Devices Research Service.