Saturday, March 28th15.2°C
25490
24921

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

25603


Recent Trending




Today's Market
S&P TSX14812.42-57.38
S&P CDNX681.43+1.87
DJIA17712.66+34.43
Nasdaq4891.22+27.86
S&P 5002061.02+4.87
CDN Dollar0.7928-0.0082
Gold1196.30-8.80
Oil48.43-3.00
Lumber282.40-3.60
Natural Gas2.62-0.05

 
Okanagan Companies
Pacific Safety0.125-0.005
Knighthawk0.010.00
QHR Technologies Inc1.50+0.00
Cantex0.03-0.01
Anavex Life Sciences0.219+0.009
Metalex Ventures0.04-0.01
Russel Metals24.50-0.18
Copper Mountain Mining1.13+0.00
Colorado Resources0.125+0.010
ReliaBrand Inc0.006-0.001
Sunrise Resources Ltd0.045+0.000
Mission Ready Services0.255+0.020
Decisive Dividend Corporation1.80+0.02

 



25603

FEATURED Property
2121598#23-2001 Hwy 97 S
3 bedrooms 2 baths
$144,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


CRA Notice of Assessment

Many Canadians rush to file their taxes on time each year and don’t think about it until the next year. One of the most overlooked notices received from the CRA annually is the annual Notice of ...


Medical confidential?

If ICBC asks your doctor for your information you may wonder: Can ICBC ask my doctor for my medical information? Can ICBC request a medical report from my doctor without my consent? What is ICBC entit...


Stay out of sales limbo!

Have you ever had a series of good meetings with a prospect … gathered all kinds of information … and given what you thought was a great presentation … only to receive a response ...

_





25666


Member of BC Press Council


24598