Research In Motion Ltd., struggling to recover from one of its worst BlackBerry service disruptions, may see more defections as the snag gives users another reason to turn to Apple Inc.’s new iPhone, which hit stores today.
Motorola Inc., the largest U.S. mobile-phone maker, climbed 3.5 percent in New York trading after its earnings forecast signaled demand for models like the Droid is helping to reverse a three-year sales slump.
Two-thirds of United Arab Emirates residents think the country’s regulators will follow through with a plan to ban Research In Motion Ltd. ’s BlackBerry service in October, according to a recent survey.
Research In Motion Ltd. will start selling its BlackBerry Storm smartphone with China Telecom Corp. as it tries to gain an edge over rival China Unicom (Hong Kong) Ltd. , the local carrier of Apple Inc.’s iPhone.
Research In Motion Ltd.’s decline below book value for the first time in nine years leaves the BlackBerry maker worth less than the net value of its property, patents and other assets in a sign of investors’ lowered faith.