Media
24/7 Wall St. TV: RIM (RIMM) Shrugs Off China News
Published:
Last Updated:
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.
[wpvideo NDV76Pap w=400]
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
For more 24/7 Wall St. TV visit us here.
Executive Producer: Philip MacDonald
The #1 Thing to Do Before You Claim Social Security (Sponsor)
Choosing the right (or wrong) time to claim Social Security can dramatically change your retirement. So, before making one of the biggest decisions of your financial life, it’s a smart idea to get an extra set of eyes on your complete financial situation.
A financial advisor can help you decide the right Social Security option for you and your family. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
Click here to match with up to 3 financial pros who would be excited to help you optimize your Social Security outcomes.
Have questions about retirement or personal finance? Email us at [email protected]!
By emailing your questions to 24/7 Wall St., you agree to have them published anonymously on a673b.bigscoots-temp.com.
By submitting your story, you understand and agree that we may use your story, or versions of it, in all media and platforms, including via third parties.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
