“Shares dropped 6 percent to $9.62,” AP reports. “The maker of the BlackBerry mobile device has steadily lost ground to Apple Inc.’s iPhone as well as phones that run Google Inc.’s Android software, such as Samsung’s.”
RIM’s “share of the U.S. smartphone market dropped from 44 percent in 2009 to 10 percent in 2011, according to the NPD Group,” AP reports. “Research In Motion Limited, based in Waterloo, Ontario, said last Tuesday that it expects to post an operating loss for the current quarter.”
Read more in the full article here.
MacDailyNews Take: Waterloo, indeed.