New BlackBerry 10’s Odds for Success

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By Douglas A. McIntyre Updated Published
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For some reason, a number of analysts believe that the launch of a new version of the Research In Motion Ltd. (NASDAQ: RIMM) BlackBerry will reverse the firm’s dismal fortunes. The opinion has no basis in fact. Apple Inc. (NASDAQ: AAPL) and Samsung dominate the smartphone market and have pushed out much better financed companies than RIM — among them Google Inc. (NASDAQ: GOOG), Sony Corp. (NYSE: SNE) and LG Electronics.

The BlackBerry 10 may have nifty new features, but consumers long ago abandoned the BlackBerry because of, among other things, a lack of distribution of its operating system on other products, as well as its tiny app store.

According to USA Today:

“It’s low odds” for success, says Deutsche Bank Securities analyst Brian Modoff. “You have two well-developed ecosystems and another already banging on the door” from Microsoft. Experts contend Microsoft has an edge over RIM with sheer size, spanning PCs and tablets, and a jump-start with Windows Phone 8.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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