RIM // Posts tagged as "RIM"
Dolby and RIM strike licensing deal, lawsuit dropped
Dolby dropped a patent infringement case against Research In Motion after the two sides reached a licensing agreement, Reuters reported on Monday. Dolby filed a lawsuit against RIM on June 15th in the United States and in Germany in an attempt to block sales of BlackBerry smartphones and the BlackBerry PlayBook. The audio company also sought to recover financial damages. Dolby accused RIM of using its “highly efficient digital audio compression technologies” and filed a suit after RIM initially declined to pay licensing fees. The terms of Monday’s licensing agreement were not disclosed. Dolby’s technology is used in a number of popular smartphones from manufacturers such as Samsung, Nokia, HTC and LG.
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RIM may be rushing BlackBerry Colt QNX phone amid weak BlackBerry 7 sales
Research In Motion is said to be rushing its first QNX-powered smartphone to market in light of underwhelming BlackBerry 7 devices sales. In a note to investors on Friday, Jefferies & Company analyst Peter Misek suggested demand for RIM’s new smartphones is not meeting expectations. An earlier report indicated that sales to enterprise customers have been solid thus far, while consumer demand may be lacking. Misek’s checks indicate that sales of BackBerry 7 phones to carriers is “just okay,” while sales of older BlackBerry smartphones continues to decline. The analyst believes follow up orders from carriers will also fall short of expectations, and RIM’s quarterly earnings could take a hit as a result. Read on for more.
Read more on RIM may be rushing BlackBerry Colt QNX phone amid weak BlackBerry 7 sales…
Apple slides, Samsung and HTC gain share in August [infographic]
Samsung, HTC and Motorola showed the biggest market share gains among major manufacturers in August, while Apple’s share slid slightly. New data from mobile ad network Chitika’s the research division, Chitika Insights, lays out August’s manufacturer market share based on traffic over the company’s network. According to its data, Apple maintained its overwhelming lead last month, though usage of the iPhone slid to 49.37% from 50.03% in July — the second biggest drop among all manufacturers last month. HTC held strong in the No. 2 position, inching up to 18.93%, and Motorola came in at No. 3 with 11.53%. At No. 4, Samsung showed the most growth between July and August, gaining 0.63% last month for a 9.68% share of the market. RIM’s BlackBerry phones lost the most ground in July, sliding 0.9% to a 2.47% share. An infographic outlining Chitika’s data follows below.
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RBC: RIM’s turnaround remains cloudy
While sales of Research In Motion’s brand new BlackBerry 7 devices won’t be reflected in RIM’s second-quarter earnings report next week, analysts still aren’t sold that the device launches have positioned RIM to rebound. In a note to investors on Thursday morning, RBC Capital Markets analyst Mike Abramsky wrote that he expects RIM’s earnings in the fiscal second quarter to narrowly beat the consensus, with revenue down 2% from the same quarter last year to $4.5 billion and earnings per share at $0.90. The Street sees revenue at $4.5 billion as well, but EPS estimates are slightly lower at $0.87. Abramsky also expects BlackBerry handset shipments to slide 9% from the first quarter to 12 million units, and PlayBook shipments are expected to grow from 500,000 in the first quarter to 650,000 in the second. Read on for more.
BlackBerry Torch 9850 review
RIM’s BlackBerry Torch 9850 is the company’s third smartphone to launch with a full touchscreen form factor, following the original Storm and the Storm 2, and it’s the first to launch on Sprint. The 9850 packs brand new hardware and the new BlackBerry 7 operating system into a thin industrial design, but is it enough of an improvement over the earlier Storm devices to warrant your upgrade? Can it compete with other touchscreen smartphones? I’ve been using the Torch 9850 for the past week and my full review of the smartphone follows below.
Canaccord sees slow PlayBook sales as iPad 2 continues to dominate tablet market
Slower than expected sell-through of Research In Motion’s BlackBerry PlayBook tablet has prompted investment bank Canaccord Genuity to slash its sales estimates for RIM’s first tablet. BGR noted last week that Best Buy’s Labor Day sale likely indicated slow sell-through of at least one PlayBook model, and it looks like a recent round of checks jibes with our take. Canaccord analysts Michael Walkley and Matt Ramsay wrote in a research note that multiple retailers are seeing less than impressive sales of RIM’s slate. “Our August checks continue to indicate soft sales of RIM’s BlackBerry PlayBook with some retailers recently lowering prices on the device in attempt to move inventory,” the analysts said. As a result, Walkley slashed his full-year PlayBook sales projection substantially to 1.5 million units from earlier estimates of 2.2 million tablets. Read on for more.
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Shareholder asks RIM to consider sale of company, calls for ‘fundamental change’
Jaguar Financial Corporation chief executive officer and RIM shareholder Vic Alboini wrote a letter urging Research In Motion to create a new plan for its business and even suggested the company consider a sale, the Financial Post said on Tuesday. “The status quo is unacceptable, the company cannot sit still,” he said. “It is time for transformational change. The directors need to seize the reins to maximize shareholder value before more market value is lost.” Alboini suggested RIM create a special panel consisting of four or five of its seven directors who could focus on finding a way, such as selling off patents, to increase shareholder value. Jaguar Financial Corporation owns less than 5% of RIM’s stock, which it purchased in July, but Alboini said his letter reflects the opinion of others, too. “We are representing several shareholders in making this statement,” Alboini said. “I’ve said to them if they want to step out and make themselves known, that’s entirely up to them.” Jaguar Financial tasks itself with investing in under-performing companies with the goal of turning them around. “RIM’s chronic underperformance and repeated delays in executing its strategy have led Jaguar to the conclusion that fundamental change at RIM is required,” he said.
Read more on Shareholder asks RIM to consider sale of company, calls for ‘fundamental change’…
RIM to benefit from Apple’s patent attacks on Samsung
As Samsung’s latest devices continue to be targeted by patent complaints filed by the likes of Apple and Microsoft, Research In Motion may reap the benefits of these numerous quarrels. In a note to investors on Tuesday, Gus Papageorgiou of Scotia Capital sees Apple’s multiple complaints against Samsung as potentially opening doors for the struggling BlackBerry maker. Pointing specifically to Apple’s recent win barring the sales and marketing of several new smartphones by three European Samsung subsidiaries, Papageorgiou believes sales of RIM’s new BlackBerry 7 devices will be bolstered by the void these devices will leave in certain regions of Europe if the ban goes into effect on October 13th as scheduled. He also notes that the new BlackBerry Bold 9900 is already selling well in Europe, however, which means RIM’s potential benefits from the impending ban on Samsung smartphones could be icing on the cake. Read on for more.
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Verizon to launch BlackBerry Torch 9850 on September 8th for $199.99
Verizon Wireless announced on Tuesday that it will offer the BlackBerry Torch 9850 on September 8th for $199.99 with a new two-year contract. The Torch 9850 offers a full 3.7-inch touchscreen display with an 800 x 480-pixel resolution, a 1.2GHz processor, support for global roaming in more than 200 countries, a 5-megapixel camera capable of recording 720p HD video and 16GB of storage. The Torch 9850 was first unveiled during a RIM event in Toronto on August 3rd where we published hands-on impressions of the phone. It is the best full-touchscreen smartphone RIM has sold and its browser is much improved, but the BlackBerry 7 operating still feels stale in comparison to Android, Windows Phone and iOS. Read on for the full press release from Verizon Wireless.
Read more on Verizon to launch BlackBerry Torch 9850 on September 8th for $199.99…
Android, iPhone gain U.S. share in July as RIM, Microsoft slide
Google’s Android platform continued on its warpath in the U.S. last month according to new data from industry watcher comScore. ComScore on Tuesday released its July MobiLens data, showing that Android again enjoyed the biggest gains among smartphone operating systems in the U.S. Google’s mobile OS grew 5.4 points compared to April to take 41.8% of the U.S. smartphone market in July. Apple’s iOS was the only other platform to show gains between April and July, climbing 1 point to 27%. RIM’s BlackBerry OS dipped 4 points to 21.7% to slide back to the No. 3 spot, Microsoft’s Windows Mobile and Windows Phone platforms combined to account for just 4.7% of the market compared to 5.7% in April, and Symbian slid 0.4% to 1.9% last month. Samsung is still the country’s top cell phone vendor with a 25.5% share in July, and LG stayed flat at 20.9% in the No. 2 spot. Motorola slid 1.5 points between April and July to account for 14.1% of the cell phone market, Apple gained 1.2 points to hit 9.5% and RIM rounded out the top-5, dipping 0.6% to 7.6% last month. ComScore’s full press release follows below.
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