BlackBerry Maker RIM's Stock Sinks Below $10

By: AP
By: AP

NEW YORK (AP) -- Research In Motion's stock is below $10 for the first time since December 2003.

The decline in share price on Monday came as its rival Samsung Electronics said its new Galaxy S III smartphone will be launched by all four of the major U.S. wireless carriers this month.

Shares dropped 6 percent to $9.62.

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.

Shares of the U.S. smartphone market dropped from 44 percent in 2009 to 10 percent in 2011, according to the NPD Group.

Research In Motion Limited, based in Waterloo, Ontario, said last Tuesday that it expects to post an operating loss for the current quarter.


KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.

If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.

powered by Disqus
KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 157031155 - kktv.com/a?a=157031155