Saturday, October 25th7.9°C
23711
23589

BlackBerry's market loss

Research In Motion shares took a substantial step back Tuesday from recent gains, closing down 10 per cent amid a report that BlackBerry's share of the U.S. market has fallen to just two per cent.

Shares in the Waterloo, Ont.,-based tech company closed down $1.20 to $10.70 in heavy trading of 10.4 million shares on the Toronto Stock Exchange.

Until Tuesday, the stock had risen about 50 per cent in November as several analysts upgraded their views of the company after it set a firm launch date for its upcoming BlackBerry device.

But the latest smartphone sales data from Kantar Worldpanel ComTech showed BlackBerry market share in the U.S has fallen to 1.6 per cent in the 12-week period ending Oct. 28. That's compared to 8.5 per cent in the three-months ended last October.

The loss came as Apple's iPhone made a 25.7 per cent gain, now capturing 22.4 per cent of the crucial consumer market. The iPhone's gain also came at the expense of Android phones, whose market share fell 16.6 per cent to 46.7 per cent of the market.

Apple launched its hotly anticipated iPhone 5 in September, on the same day BlackBerry users in Europe, the Middle East and Africa experienced a massive outage.

The research firm said six per cent of iPhone 5 sales came from former BlackBerry users switching devices.

RIM has under 10 per cent of market share in the tech-savvy North American market. Its new operating system, expected to better browse the web and be app friendly, is considered a make-or-break product for RIM.

Its market share also fell in other countries studied in the report. It was down 11.1 per cent in the U.K., nine per cent in France, 20.3 per cent in Spain and six per cent in Brazil. There was no data on market share in Canada.

RIM is scheduled to release its next financial report on Dec. 20, for the fiscal third quarter ending on Dec. 1.

The Canadian Press


Read more Business News

23901


Recent Trending




Today's Market
S&P TSX14543.82+56.99
S&P CDNX805.45-3.15
DJIA16805.41127.51
Nasdaq4483.715+30.923
S&P 5001964.58+13.76
CDN Dollar0.8901-0.0003
Gold1231.20+2.10
Oil81.02-0.73
Lumber336.40+6.80
Natural Gas3.631+0.009

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.15-0.02
Cantex0.07+0.015
Anavex Life Sciences0.194-0.004
Metalex Ventures0.045+0.005
Russel Metals33.39+0.23
Copper Mountain Mining2.03-0.05
Colorado Resources0.145+0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.445+0.035

 





FEATURED Property
1805476449 Knowles Road, Kelowna, BC
4 bedrooms 3 baths
$1,295,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22771