The market shrugged off news that RIM (NASDAQ:RIMM) has a new distribution partner in China, perhaps because early sales results for the Apple (NASDAQ:AAPL) iPhone have been so poor.
RIM, maker of the Blackberry, said it would form a partnership with Digital China to expand availability of the smartphone in the world’s largest cellular market based on subscribers.
Digital China is part of Legend which also controls Lenovo, the PC company that bought the IBM (NYSE:IBM) personal computer business.
According to Reuters, RIM and China Telecom will hold a news conference on Tuesday which will probably be an announcement of a Blackberry distribution arrangement.
RIM shares are only up 2% on the news. This may be because the early results of Apple’s relationship with China Unicom (NYSE:CHU) to sell the iPhone has been a failure because only a few thousand phones were sold in the early days after iPhone sales in China began.
Douglas A. McIntyre
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