Research In Motion’s quarterly net profit jumped 32 percent, boosted by strong global BlackBerry smartphone sales. But a weaker-than-expected outlook as it spent heavily on the launch of its PlayBook tablet next month, sent RIM’s shares tumbling after the bell.
Amazon.com opened its store for Google Android smartphone applications, ratcheting up its fight with Apple after the iPhone maker sued Amazon in a bid to stop the online retailer from improperly using its App Store trademark.
Work has begun on the first Nokia smartphones based on Microsoft software following the partnership announced by the companies last month, Nokia CEO Stephen Elop told Reuters.
Online video and DVD rental service Netflix is breaking away from its traditional role as a licensor of movies and TV shows , negotiating with actor Kevin Spacey and director David Fincher for the exclusive rights to a two-season, 26-episode remake of British political drama “House of Cards”, a source said.
Research in Motion is a front runner in the race to convert billions of feature phone users into data-wielding smartphone customers but is seen possessing only a small window of opportunity to reinvigorate itself and match the momentum of rival mobile monarchs Apple and Google in a life-or-death battle for relevance, writes Alastair Sharp.
BlackBerry-maker Research In Motion is a victim of its own success. Having dominated the market for corporate e-mail devices for years, it is being forced to seek out growth in consumer markets, where, so far, it has had trouble differentiating its products.