“Research In Motion Ltd.’s shares closed down 75 cents, or 7.7 percent, to $9.11 on the Nasdaq,” AP reports. “The bottom for the day was $9.01, the lowest level since 2003. RIM shares have lost 94 percent of their value since their 2008 peak.”
AP reports, “The Waterloo, Ontario, company has been struggling to adapt to a world where Apple Inc.’s iPhone sets the standard for how a smartphone should work, and its sales have plummeted… Morgan Stanley’s Ehud Gelblum expects BlackBerry 10 to bomb, leading to a more rapid decline in BlackBerry sales than other analysts have projected.”
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