S&P 500
7,547.50
-0.46%
Dow Jones
52,592.80
-0.24%
Nasdaq 100
29,097.60
-1.55%
Russell 2000
2,971.54
-0.33%
FTSE 100
10,577.00
+0.85%
Nikkei 225
66,025.10
-2.46%

Investing

New BlackBerry Phones Cancelled (RIMM, AAPL)

Photo of Paul Ausick
By Paul Ausick Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Smartphone pioneer Research in Motion Ltd. (NASDAQ: RIMM) has been working for quite a while now on getting a new phone out the door with the company’s spanking new QNX operating system. It looks might be a while longer before a new device appears however.

According to this report, the company has cancelled two prototype devices, code-named Colt and Milan, due to lack of vendor enthusiasm. That leaves a single device in RIM’s arsenal, a smartphone code-named London, as the first device to use the new OS, BlackBerry 10.

London is reportedly being shopped to vendors now, and the single-device strategy, whether intentional or not, may be the best thing for RIM. After all, it works for Apple Inc. (NASDAQ: AAPL), which has introduced just one new iPhone at a time.

Contact [email protected] for any questions or corrections.

Disclaimer: Energy Exploration Technologies, Inc. ("EnergyX") has engaged 24/7 Wall St to publish this communication in connection with EnergyX's ongoing Regulation A offering. 24/7 Wall St has been paid in cash and may receive additional compensation. 24/7 Wall St and/or its affiliates do not currently hold securities of EnergyX.

This compensation and any current or future ownership interest could create a conflict of interest. Please consider this disclosure alongside EnergyX's offering materials. EnergyX's Regulation A offering has been qualified by the SEC. Offers and sales may be made only by means of the qualified offering circular. Before investing, carefully review the offering circular, including the risk factors. The offering circular is available at invest.energyx.com/.

Comparisons to other companies are for informational purposes only and should not imply similar results. Past performance is not indicative of future results. Market shortfall are forward‑looking estimates and are subject to substantial uncertainty. Investments in private placements, and start-up investments in particular, are long-term, illiquid, speculative and involve a high degree of risk and those investors who cannot afford to lose their entire investment should not invest in start-ups

Follow 24/7 Wall St. on Google
Photo of Paul Ausick
About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

Continue Reading

Jon C. Ogg |

Tablets, Netbooks, Notebooks: Moving to $300 Computing (GOOG, AAPL, INTC, ARMH, NVDA, QCOM)

The usually reliable Taiwanese website Digitimes reports that Asustek Computer is preparing to launch a new netbook with a retail price between…

Paul Ausick |

China’s Mobile Phone Market Bypasses Apple and Samsung

courtesy of Apple Inc.By one analyst’s count, the Chinese will buy about 30% of all mobile phones shipped in 2013,…

Paul Ausick |

Emerging Markets to Drive Smartphone Sales (AAPL, GOOG, NOK, MSFT, RIMM)

China, India, and Brazil represent the strongest market opportunities for smartphone makers for the period form 2012 through 2016. International…

Jon C. Ogg |

Stocks to Buy as the Samsung Galaxy S4 Sales Boom

courtesy of SamsungThe Samsung Galaxy S4 smartphone went on sale the last week of April across 327 networks in 155 countries.…

Paul Ausick |

Nokia’s Last Phone?

Microsoft Corp.In a press release issued at 3:01 a.m. Monday morning, Microsoft Corp. (NASDAQ: MSFT) announced the first — and…

Paul Ausick |

One Billion New Smartphones Will Run HTML5 by 2013 (ADBE, GOOG, MSFT, AAPL)

By 2013, sales of new smartphones using the HTML5 standard in the phone’s browser will total 1 billion, up from…

Paul Ausick |

Wireless Devices Outnumber People

ThinkstockThe number of wirelessly connected devices now outnumbers the total population of the globe. The score is wireless devices, more…

Smartphone Shipments Tabbed to Tumble 12% This Year
Paul Ausick |

Smartphone Shipments Tabbed to Tumble 12% This Year

Research firm IDC projects that smartphone shipments this year will be down by more than 11% compared to 2019.

What’s Up With Apple: Foldable iPhones Coming, iOS Bug Fixed and More
Paul Ausick |

What’s Up With Apple: Foldable iPhones Coming, iOS Bug Fixed and More

A respected Apple analyst said that the company expects to release a foldable iPhone in 2023 and sell some 20…

Top Gaining Stocks

Abbott Laboratories
ABT • Vol: 19,644,259
Erie Indemnity
ERIE • Vol: 191,841
Cintas
CTAS • Vol: 1,720,245
J.B. Hunt Transport Services
JBHT • Vol: 1,481,808
Ingersoll Rand
IR • Vol: 4,875,564

Top Losing Stocks

Western Digital
WDC • Vol: 6,693,241
Corning
GLW • Vol: 12,012,685
Seagate Technology
STX • Vol: 3,324,711
Coterra Energy
CTRA • Vol: 73,319,495
Super Micro Computer
SMCI • Vol: 19,276,669