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Blackberry cell phone sales level off…….

Aren’t they supposed to be the top seller in the texting cell phone market?

Hummmm???

Research In Motion, the maker of the BlackBerry, reported fourth-quarter sales and shipments on Wednesday that missed analysts’ estimates and said that its profit margin would shrink this period.

Sales in the period ended Feb. 27 rose 18 percent, to $4.08 billion, the company said in a statement. Analysts in a Bloomberg survey projected $4.31 billion on average. Research In Motion said it shipped 10.5 million devices, less than estimates from Citigroup and Goldman Sachs.

The company spent 46 percent more on research last quarter as it develops devices that can replicate the success of the Apple iPhone or Droid fromMotorola.

Research In Motion unveiled a revamped version of its touch-screen Storm in October, after the first version was criticized for awkward typing technology. Gross margin, a profitability measure, will be 44.5 percent in the quarter ending in May, down from 45.7 percent last quarter.

More……..

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March 31, 2010 Posted by | Breaking News, Computers, Entertainment, Media, Men, Other Things, The Economy, Updates, Women | , , , , | Leave a comment