Pursuits
RIM Slumps on Concern Waning Sales Make It ‘Niche Player’
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Research In Motion Ltd., struggling to compete in the smartphone and tablet computer markets, plunged 19 percent in Nasdaq trading after its earnings report disappointed investors for the third consecutive quarter.
The maker of the BlackBerry smartphone is losing ground in that market to Apple Inc.’s iPhone and devices that use Google Inc.’s Android software. RIM has made little progress with its PlayBook in the tablet computer market, shipping just one device for every 46 iPads that Apple sold in the latest quarter.