The results were the latest sign of trouble for the company, which is watching handsets from rivals like Apple Inc. eat away at its once-dominant share of the smartphone market. RIM hasn't released a new BlackBerry model for nearly a year as it tries to rejuvenate a product line that's been criticized as clunky, under-powered and stodgy.
Research In Motion is signaling weakness in the marketplace, with sales of high-end BlackBerry devices falling and delays in releasing a new operating system hurting its share of the mobile business, MarketWatch's Dan Gallagher tells Laura Mandaro.
It has seen its share of sales in the benchmark North American market fall to 16.5% at the end of the first quarter of 2011 from 41.3% in the year earlier period, according to research firm Gartner.
Some observers worry RIM is fast following in the path of Finnish handset maker Nokia Corp., which recently issued a steep second-quarter revenue warning, citing market-share loss to rival smartphones, most notably low-end devices powered by Google Inc.'s Android software.
Saturday, June 18, 2011
BlackBerry Maker Cuts Guidance, Plans Layoffs - WSJ.com
via online.wsj.com
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