RIM Defies Critics by Finding BlackBerry Sales Overseas - Businessweek [awgadget.blogspot.com]
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Research In Motion Ltd. (RIMM)’s sales of the BlackBerry smartphone trounced estimates last quarter as it gained ground in emerging markets, signaling that the company may still have a future in the age of the iPhone.
RIM shares jumped as much as 25 percent in extended trading after the company sold 7.4 million smartphones, about 500,000 more than analysts had projected. RIM also posted a narrower loss for the period than estimated and increased its cash holdings. That impressed some of RIM’s biggest critics -- including shareholder Vic Alboini, who has previously demanded a shakeup in management and strategy.
“Those numbers are very, very positive,†Alboini, chairman of Toronto-based investment firm Jaguar Financial Corp., said in an interview yesterday. “RIM has taken a step up the ladder, and they can see where they’re going.â€
The results show that RIM can gain customers in lower- income markets such as Asia and Africa, even as it struggles to compete in the U.S. with Apple Inc. (AAPL)’s iPhone and devices running Google Inc. (GOOG)’s Android software. The challenge now is a successful release of the BlackBerry 10 phone, the linchpin of the Waterloo, Ontario-based company’s comeback strategy.
“If they can have another quarter of not burning cash and can get the device out in a few months, then investors are thinking, ‘Perhaps they have a chance to come back,’†said Neeraj Monga, an analyst at Veritas Investment Research in Toronto who rates RIM a sell.
Shares Gain
RIM shares (RIMM) soared as high as $ 8.90 in extended trading yesterday after the report. The stock, which lost 68 percent of its value in the past year, had closed at $ 7.14 in New York.
RIM’s free BlackBerry Messenger program, known as BBM, has emerged as a selling point in developing countries, where data plans often cost more.
“It’s amazing when you go into those countries and you see how BBM is just kicking it,†Chief Executive Officer Thorsten Heins said on a conference call, fresh from a tour through Asia, the Middle East and Africa. “I mean, it’s everywhere.â€
RIM also did a better job conserving cash than some analysts predicted, curtailing operating expenses 7.9 percent. Cash and investments grew to $ 2.3 billion by the end of last quarter, up from $ 2.2 billion three months earlier.
“The fact cash is not going to burn out in a quarter or two gives us an opportunity to see what BB10 is going to do,†Alboini said.
BlackBerry Sales
Revenue fell 31 percent to $ 2.87 billion in the period, which ended Sept. 1, topping a projection of $ 2.47 billion.
While sales of the BlackBerry’s phone beat the 6.9 million predicted by analysts, they remain a fraction of Apple (AAPL)’s volume. The latest iPhone, released earlier this month, sold 5 million units in a single weekend.
RIM’s subscriber base climbed to 80 million at the end of last quarter, up from 78 million. Still, the new BlackBerry 10 lineup has been delayed at least a year, making it harder for the company to compete with the latest Apple and Android devices. At RIM’s software developer conference this week in San Jose, California, Heins said the debut of BB10 is “a few short months away,†without being more specific.
The delays mean the BlackBerry 10 will miss the holiday season, when new Android devices and phones built on Microsoft Corp. (MSFT)’s Windows 8 software will hit the market.
RIM’s share of the global smartphone market dropped to 4.8 percent in the second calendar quarter, from 12 percent a year earlier, according to research firm IDC. Still, Heins said this week that BB10 will have a “clear shot†at being the world’s third-largest mobile operating system. That would put it behind Android and Apple’s iOS, and ahead of Microsoft.
‘Continued Pressure’
RIM posted a second-quarter net loss of $ 235 million, or 45 cents a share, compared with net income of $ 329 million, or 63 cents, a year earlier. The company expects to have an operating loss this quarter and face “continued pressure†on its operating results for the remainder of the fiscal year, Chief Financial Officer Brian Bidulka told analysts on the call.
Heins, who became CEO in January, has embarked on a cost- cutting plan to stem losses at the company. He’s eliminating almost a third of its workforce and shutting down manufacturing sites to boost efficiency.
RIM also has hired JPMorgan Chase & Co. (JPM) and RBC Capital Markets to help explore its strategic options. Heins told analysts yesterday that he’s met with CEOs at various organizations over the past several months to discuss BB10 licensing and partnerships. He plans to continue meeting potential partners and hasn’t set a specific timeframe for the end of the review. Heins has said in the past that he hasn’t ruled out a sale of the company, though that’s not his focus.
RIM needs to keep talking to potential partners because there’s no guarantee that BB10 will be the company’s savior, said Jaguar Financial’s Alboini.
“RIM is still losing money,†he said. “You have to have a push-the-button, ready-to-go backup plan.â€
To contact the reporters on this story: Hugo Miller in Toronto at hugomiller@bloomberg.net; Sean B. Pasternak in Toronto at spasternak@bloomberg.net
To contact the editor responsible for this story: Nick Turner at nturner7@bloomberg.net
More RIM Defies Critics by Finding BlackBerry Sales Overseas - Businessweek Issues Question by fischer61: What is the difference between "shop" and "shoppe"? I am going to start a shop. Can I use the word "shoppe" instead of "shop"? Best answer for What is the difference between "shop" and "shoppe"?:
Answer by cw21dlr
"Shoppe" is just a fancy, antiquated name that sounds like it came out of a Dickens novel or something. For some shops, it works: Antique Shoppe, Ice Cream Shoppe - Gun Shoppe, not so much so. I think it just depends on the nature of the business.
Answer by uva guy
Pretentiousness. 'Shoppe' is an older form used to fancy up a name.
Answer by *≈STEVIE≈* *≈B≈*
They're both the same. Shoppe is the old fashioned way of spelling it. You see it in Victorian settings.
Answer by Tashi Delek
The price tag.
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Question by O Caçador de Palavras: What is the difference among "to buy, to shop, to purchase, to go shopping and to do shopping"? I am Brazilian. Tell me where you are from. What is the difference among "to buy, to shop, to purchase, to go shopping and to do shopping"? Which one is more formal, which one is more colloquial, which one is more technical, professional, etc? Write me some sentences as examples, please. Best answer for What is the difference among "to buy, to shop, to purchase, to go shopping and to do shopping"?:
Answer by goodanddead
" I am going to buy a new lamp." " I am going to go shopping for some new clothes." " I am am going to go do some shopping for some new clothes." (Not much of a difference) " I would like to purchase this lamp." My point is, is that you can use any of them. No one will judge you on which one you use.
Answer by ?
"To buy" and "to purchase" mean the same thing. You have traded money for something and you now own it. "Purchase" is more formal. "To shop" means you are looking for something, possibly with the intention of buying but it isn't certain that you will buy. "To go shopping" or "to do THE shopping" just means that you will go out somewhere to do the act of shopping. Examples: I want to buy a new car (informal). I wish to purchase a new car (VERY formal). These two examples have the same meaning. I want to shop for a new car. This means you're going to look at cars and you may or may not find the one you like and buy it. I need to go shopping for a new car. This means you need to go out to the car stores and look around for a new car which you may or may not find. I hate Tuesdays because I have to do the shopping. In this case, shopping is a chore, a job, and you have to DO this job. Don't say "I have to do shopping" because that's grammatically incorrect.
Answer by onetwothree
The only difference is what you buy, shop for, purchase, go shopping for ... I don't think one is more formal than the others. .
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Facebook CEO Mark Zuckerberg. Photo: Jim Merithew/Wired
Citing its unique ability to recommend products, Facebook opened an online gift store. The move edges the social network onto the turf of e-commerce king Amazon, but at an opportune time: Amazon is busy making movies, computer hardware, cloud computing services, and entering other markets far afield from its core business of selling physical goods.
Not that Facebook is trying to usurp Amazon just yet. The launch of Facebook Gifts is modest: Facebook is emphasizing sub-$ 50 products like socks, cupcakes, teddy bears, and Starbucks gift cards. The idea is that Facebook will see words like “happy birthday†or “congratulations†on someone’s wall and prompt friends to buy the person something through the new store.
It’s an obvious and proven idea, one Facebook acquired when it bought year-old mobile gifting startup Karma in May. In the ensuing months, Facebook has rebranded the service and created a desktop version of the app, which is what is being launched today as Facebook Gifts. (From 2007 to 2010, Facebook operated a store by the same name, but it only sold virtual goods.)
In an interview with Wired Business in July, Facebook’s director of advertising product Gokul Rajaram explained Facebook’s thinking about gifts:
The reason it all germinated was because we saw that people wishing each other happy birthday is a really common social norm on Facebook. Because Facebook will basically tell you which of your friends have birthdays today. So we said, this could be a really interesting way to enhance that experience. In addition to saying ‘happy birthday’ you could actually give a small gift. We think that could be a really interesting thing that works on mobile, on the desktop, and is something that fits in with the norms.
In other words, Facebook is trying to monetize common, naturally occurring behavior on its network in a way that feels more natural than other Facebook ads, like “sponsored stories†that pop up when one of your friends mentions a business. Facebook is launching that business across mobile and desktop, and doing so only about four months after the acquisition of Karma.
It’s a smart approach. If anyone is better positioned than Amazon to recommend products to people, it’s Facebook, and the company is off to an auspicious start. It’s a small start, but then so was Facebook itself.
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Summary: Like using Windows 8, but don't like IE? You might seem some curious behavior when shopping for Windows Store apps on the web using Chrome. Matt Baxter-Reynolds. By Matt Baxter-Reynolds for Post-PC Developments | September 27, 2012 ... Can't shop for Windows Store apps using Chrome... But is Google being evil?
Some smaller carriers will trim $ 50 off the normal retail price for Apple's next-generation smartphone when they begin selling it tomorrow.
Apple's iPhone 5
A week after the iPhone 5 made its debut with the major carriers, Apple's new smartphone is going on sale tomorrow at regional wireless carriers -- with some offering a $ 50 discount.
Regional carriers Cellcom, nTelos, Appalachian Wireless, C Spire, GCI, and Leap Wireless' Cricket Communications will join AT&T, Verizon Wireless, and Sprint tomorrow in selling Apple's new iPhone, PC Magazine reports. But in a bid to attract the undecided, Cellcom, nTelos, and Appalachian plan to cut $ 50 off the normal retail price, bringing carrier-subsidized purchase prices down to $ 149 for the 16GB version, $ 249 for the 32GB model, and $ 349 for the flagship 64GB model.
"We've seen the anticipation for iPhone 5 grow and are excited to soon offer our customers this fantastic phone on our network," Cellcom CEO Pat Riordan said in a statement.
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For users more interested in an off-contract purchase, Cricket will offer the iPhone 5 at full price for $ 499.99 -- a full $ 150 off the price AT&T charges.
The iPhone 5 recorded 5 million units sold in its opening weekend, but it has since logged a laundry list of consumer complaints, including purple halos on photos, light leaks, static lines on the keyboard, and scuffs along the edge of the phone.
Apple iPhone 5
The bottom line: The iPhone 5 completely rebuilds the iPhone on a framework of new features and design, addressing its major previous shortcomings. It's absolutely the best iPhone to date, and it easily secures its place in the top tier of the smartphone universe. Read Full Review
Suggest iPhone 5 dials up discount for regional carrier debut - CNET (blog) Articles Question by : How much would it cost to rent a "Icecream Shop"? My mom is looking forward to having a "icecream shop" for a job but to _buy_ one is too expensive; How much (est.) will it cost to rent one? Best answer for How much would it cost to rent a "Icecream Shop"?:
Answer by Mr. X
It would purely depend on the size of shop and location. Consult a local real estate agent.
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