RIM U.S. Sales Cut in Half Last Quarter on Customer Losses
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Research In Motion Ltd.’s sales in the U.S. fell by 50 percent last quarter, dragging total revenue lower, as American consumers abandoned older BlackBerry phone models for Apple Inc.’s iPhones.
Revenue from the U.S. dropped to $1.11 billion from $2.22 billion a year earlier, overshadowing gains in Canada and other markets, according to a filing released yesterday after the company reported earnings last week.