Trading of Research in Motion shares were halted briefly early Tuesday ahead of an announcement from CEO Thorsten Heins, who said to expect an operating loss for the company's first fiscal quarter of 2012.
As ailing Research in Motion prepares to axe nearly 40 percent of its workforce in the coming months, another top-level executive has announced their resignation on Monday as the BlackBerry maker continues to hemorrhage cash.
Apple continues to gain share in the worldwide smartphone market, as the latest data shows the iOS mobile operating system accounted for nearly a quarter of all smartphones shipped in the first quarter of 2012.
Kodak suffered a major setback on Monday as an initial ruling from the U.S. International Trade Commission determined that one of the company's key patents is invalid — a decision that could potentially reduce the value of Kodak's soon-to-be-auctioned patent portfolio.
The culmination of Research in Motion's "Wake Up" advertising campaign, which kicked off with a mock protest outside an Apple Store in Sydney, Australia, is a new website that tells users to "Be Bold" and use BlackBerry for business.
According to recent research there has been a huge shift in what handsets U.S. federal managers use on the job, with many moving away from RIM's BlackBerry platform for more capable iOS and Android solutions.
Research in Motion on Tuesday launched its BlackBerry 10 platform for developers, and also showed off a new pre-release prototype device that has been likened to a smaller version of the PlayBook tablet.
Despite strong growth year-over-year, Apple ceded its spot as the world's top smartphone vendor in the first quarter of 2012 as Samsung boosted both smartphone and feature phone shipments to record levels.
BlackBerry maker Research in Motion on Monday admitted that it orchestrated the "Wake Up" flashmob protest that took place at a Sydney Apple Store, claiming that the stunt was part of a larger Australian campaign.
RIM's former co-chief executive Jim Balsillie wanted to use his company's network to offer inexpensive data plans and services to non-BlackBerry devices, but the plan never gained traction before he stepped down.
It was announced in a Thursday statement that two top executives would be leaving the BlackBerry maker following a bleak earnings report as the embattled Canadian telecommunications company seeks a solution to its financial woes.