BlackBerry Ltd.’s share of the global smartphone market has tumbled below 1 percent, crushed by Apple Inc. and Google Inc. The Canadian company says it’s determined to keep its lead in the race for the connected car.
Ericsson AB, the world’s largest maker of mobile-phone networks, reported second-quarter profit that missed analysts’ estimates as carriers curbed spending to cope with a slowing economy. The stock fell to a 3 1/2-year low.
BlackBerry rose the most in almost three months after Societe Generale SA boosted its rating on the stock to buy from sell, saying channel checks show the Canadian smartphone maker’s new devices are selling well.
Nokia Oyj may tomorrow predict further declines in handset sales, potentially eating into cash reserves as the Finnish company struggles to compete against smartphones using Google Inc.’s Android software.
Alcatel-Lucent SA is in talks with Goldman Sachs Group Inc. about obtaining a loan to strengthen the unprofitable network equipment vendor’s balance sheet, according to people familiar with the situation.