Will RIM benefit from Apple’s legal battles with Samsung?

With Apple going on the attack against other smartphones manufacturers like Samsung, the question remains whether or not these patent wars will benefit RIM in the short-term. Some analysts and investors, like Gus Papageorgiou of Scotia Capital, seem to believe that the BlackBerry will gain some market and prosper from Samsung not being able to sell some of their devices in European countries. The winning ruling that Apple received from the FOSS Patents report do suggest that there will be a void left if the October 13th start date stays in effect. RIM may actually be able to grab some of the market share that Samsung is obviously going to lose if their products cannot be sold. Bolstered by the reception that the new BlackBerry 7 devices have received amongst the majority of the tech community, it only seems right that BlackBerry may end being the next choice for those who are looking for a “non-Apple” product for the smartphone.

“These initial victories for Apple do not bode well for Samsung especially in the European market where its market share has moved from 5.0% Q2 last year to 18.8% this year,” the analyst wrote. “In addition to these legal issues, we believe the BlackBerry Bold 9900 is already outselling the Samsung Galaxy S. Based on GSM Exchange’s website, which tracks the top 3 most actively traded devices in Europe, the Bold 9900 is now in the #2 position ahead of the Samsung Galaxy S II and behind the iPhone-4 16Gb.” Early statistics like these do bode well for what many have called “a sinking ship” of a mobile platform. However Papageorgiou has also raised his target on RIM stock to $46 from $35.60, and raised his rating to Outperform from Sector perform. All in all this is good news for RIM is all falls in line with what Papageorgiou believes may happen. However we must remember that the market is a fickle thing and change in a moment.

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Will RIM benefit from Apple’s legal battles with Samsung?

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