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Research In Motion reported results that mostly beat expectations Thursday, and the BlackBerry maker forecast strong profits for the current quarter, pushing its shares higher in after-hours trade.
RIM said net profit jumped 45 percent in its third quarter, which ended Nov. 27. It said results were boosted by strong sales of its flagship Torch smartphone, a new product that combines a touch screen like Apple’s iPhone with RIM’s trademark mini keyboard. Get the full story »
AT&T on Tuesday cut the price of Research In Motion’s BlackBerry Torch in half, down to $99.99.
The cut comes about three months after the smart phone landed on AT&T store shelves and amid intense price competition from Web sites such as Wirefly.com, which is offering the Torch for $29.99, and Amazon.com, which is selling the smart phone for 1 cent.
Shares in Research In Motion slipped more than 3 percent on Friday morning as investors fretted the BlackBerry smartphone’s stranglehold on corporate communications was being eroded by rival devices. Get the full story »
See more photos of the BlackBerry Torch here.
Research In Motion unveiled a new BlackBerry smartphone with a touchscreen and slideout keyboard, hoping to raise its consumer appeal and fend off competition from Apple’s iPhone.
The BlackBerry Torch will go on sale in the United States on Aug. 12 for $199.99 with a two-year contract with AT&T Inc. The device uses a new operating system and has a faster and easier-to-use Web browser, RIM said on Tuesday. Get the full story »
