Research in Motion to lose smartphone market

Research In Motion will lose its grip on the consumer smartphone market and interest in its products will start to decline, an analyst from Wunderlich Securities has predicted.

“We no longer anticipate Research in Motion recovering to participate in the mainstream of smartphone industry growth,” analyst Matthew Robison said last week, according to Boy Genius Report.

“Our long-term forecast anticipates a role supplying business-oriented devices, both mid-range and high-end, as well as cloud-based services via the BlackBerry Network,” Robison said.

Robison also said the firm expects earnings to fall after 2013, but predicts they will grow again due to demand from business users. He also noted that while the PlayBook has begun to sell well, there is no indication that consumers have been attracted to the device.