Who?s in worse shape: RIM or Nokia?

Trying to decide whether RIM (RIMM) or Nokia (NOK) gets the title of “most troubled mobile device manufacturer” is a daunting exercise in a lot of ways, much like trying to decide whether someone is better off losing their kidneys or their liver. Looking at both companies’ latest financials and their overall business strategies, though, and you can make a pretty persuasive case that Nokia is in even tougher shape than its Canadian counterpart. Let’s start with RIM: In its last quarter the company lost�$235 million and its shares surged because it didn’t lose nearly as much money as analysts expected. And that really tells you all you need to know about RIM’s financial situation right now: It’s really bad.

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