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Apple Inc. (AAPL), Research In Motion Ltd (BBRY): 3 Companies With Cult Followings

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Famed investor Warren Buffett has emphasized finding companies with wide-moats to invest in — companies with business models that are not easily replicated. Failing that, perhaps investors can seek out companies with wide-moat customer bases — rabid, cult-like fans that will stick to a company’s product despite rising competition.

Apple Inc. (NASDAQ:AAPL), Research In Motion Ltd (NASDAQ:BBRY) and Whole Foods Market, Inc. (NASDAQ:WFM) all have cult-like following. Even if these companies should be pressured by competition, their base of fans could ensure demand for their products.

Apple’s cult has become cliche

Courtesy: Apple Inc. (NASDAQ:AAPL) Press Info

At this point, to acknowledge Apple Inc. (NASDAQ:AAPL)’s loyal fanbase is a cliche. That said, it’s still entirely true.

Apple’s ability to draw crowds to its stores on the day of product launches is legendary. When its iconic founder Steve Jobs passed away, consumers flocked to makeshift shrines in front of Apple stores to mourn his death.

Apple might be one of the only companies to have several well-established blogs dedicated to it, including the aptly named “Cult of Mac.” Videos of Apple’s old ads on YouTube have millions of hits, while Interbrand gave the company the number 2 spot on its list of top brands for 2012 (second only to The Coca-Cola Company (NYSE:KO)).

Perhaps the reason Samsung’s anti-Apple ads have received such praise — the ones where Apple Inc. (NASDAQ:AAPL) fans are portrayed as tech lemmings, mindlessly purchasing the next iGadget — is because they aren’t too far from the truth.

That said, investors can take solace in the Apple cult. Even if another device should best the iPhone or iPad, Apple Inc. (NASDAQ:AAPL)’s loyal fans will continue to pay up for the company’s products. Many Apple Inc. (NASDAQ:AAPL) bulls have argued that the company’s device ecosystem protects against competition; in reality, the company’s fanbase may be a bigger force than iPhone/iPad compatibility.

Research In Motion Ltd (NASDAQ:BBRY), BlackBerry has fallen out of favor, but not with its fans

Research In Motion Ltd (BBRY)

Once known as Research in Motion, Research In Motion Ltd (NASDAQ:BBRY) used to be on top of the smartphone world. The rise of Apple Inc. (NASDAQ:AAPL)’s iOS and Google Inc (NASDAQ:GOOG)’s Android has taken its toll on the Canadian handset maker, but its die-hard fans remain loyal to the cause.

During its launch event for the Research In Motion Ltd (NASDAQ:BBRY) 10 operating system, the company emphasized its cult-like following, showing among other things, the editor of CrackBerry.com getting his haircut (he had pledged not to cut his hair until BlackBerry 10 arrived). While Research In Motion Ltd (NASDAQ:BBRY) may not have the raw number of websites dedicated to it, CrackBerry is up there with the best dedicated company websites.

The Guardian reported that Eric Schmidt, chairman of Google, is somewhat of a closet BlackBerry fan — using the device over one powered by his company’s Android operating system. Schmidt is a fan of BlackBerry’s iconic QWERTY keyboard.

Certainly, Research In Motion Ltd (NASDAQ:BBRY)’s cult status didn’t save its stock from the tremendous drop it experienced over the last few years. Neither did it save the jobs of the company’s former dual-CEOs, Jim Balsillie and Mike Lazaridis.

But those investors who are banking on the company’s new Research In Motion Ltd (NASDAQ:BBRY) 10 phones must be hopeful that once loyal customers can be brought back into the company’s fold.

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