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RIM Shares Fall After U.S. Market Share Shrinks to 1.6%

Research In Motion Ltd. fell the most since June after the BlackBerry’s U.S. market share shrank to 1.6 percent, hurt by Apple Inc.’s iPhone winning more customers.

The stock dropped 11 percent to $10.72 at the close in New York, the biggest decline since June 29. While the shares have rallied more than 35 percent in November, they are still down 26 percent this year.