Friday, September 19th23.6°C
19716

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




Recent Trending




Today's Market
S&P TSX15258.39-207.15
S&P CDNX955.06-10.73
DJIA17306.8440.85
Nasdaq4584.692-8.734
S&P 5002013.17+1.81
CDN Dollar0.9133-0.001
Gold1217.50-9.40
Oil92.48-0.59
Lumber329.00-0.90
Natural Gas3.904-0.071

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.38+0.06
Cantex0.05-0.01
Anavex Life Sciences0.223-0.0031
Metalex Ventures0.060.00
Russel Metals35.72-1.29
Copper Mountain Mining2.62-0.06
Colorado Resources0.165-0.01
ReliaBrand Inc0.0249+0.0009
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.29-0.01

 



22378

FEATURED Property
20715631025 Mercury Road
4 bedrooms 2 baths
$399,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Disruptive innovation

Last night I was privileged to be able to speak at the Greater Westside Board of Trade business awards dinner. Photo: ContributedI talked about Innovation and Collaboration which are two very interes...


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...

_








Member of BC Press Council


22962