Research In Motion (RIMM) Market Share Plunging

The market share of Research In Motion (NASDAQ:RIMM) is plummeting faster than expected against Google (NASDAQ:GOOG) and Apple (NASDAQ:AAPL), as the outlook for the company probably won't be met, hammering the share price Friday.

Research in Motion had already cut is annual projection, and yesterday said they're at best, only going to reach the lower end of that outlook. Consequently, cash flow is also becoming a growing concern for the company.

Most of this is in connection to the strength of Google and Apple in the U.S. market, but loss of market share is expected to expand around the world for RIM.

The decision to raise its current credit facility from $100 million to $500 million also has some worried, as it appears the company will spend approximately $300 million in the fiscal year.

Research in Motion was trading at $23.80, down $5.74, or 19.43 percent, as of 10:30 AM EDT.