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Research In Motion reports solid profit and sales in its first quarter, but shares fall ... BlackBerry News forum

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    hayden's Avatar
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    Forbes: BlackBerry Maker Sinks On Forecast

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    Research In Motion reports solid profit and sales in its first quarter, but shares fall after hours on disappointing guidance.

    BlackBerry maker Research In Motion Ltd. said Thursday that its quarterly profit rose on strong smartphone sales, but a disappointing revenue outlook sent the company's stock down 5.8% in after-hours trading.

    The battle for the smart phone market has been heating up with Apple dropping the price of its popular iPhone and Palm introducing the Pre to get the firm back on top.

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    Apple is REALLY getting competitive with $99 for the new iphone that's out today. Saw an AT&T ad in the local paper - I assume it's in every paper in the country.
    For every complex problem there is a solution, that is simple, neat, .....and wrong! (H. L. Mencken) jblackfish(at)pinstack(dot)com

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    Its possible, but RIM is a powerhouse. Even if they're not selling the most, they're still way up there
    ~via smartphone mobile.pinstack.com~

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    Competition is good, but only one can be on top at a time. The top companies can't get comfortable in their success and must keep innovating...but they have to be smart about it. RIM needs to be careful about releasing so many new devices that have slight changes to features, but nothing new and innovative. But at the same time they can't be in such a hurry to release that they release and sell a product with such controversial problems like the Storm and SurePress. Staying at the top will not be easy....
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