This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

BlackBerry World Is One of Worry for Retailers

ORLANDO, Fla. (TheStreet) -- When Sanjay Karwa arrived at BlackBerry World 2012 here, he had fond hopes. But these days, BlackBerrys have a way of breaking hearts.

Karwa owns and operates Planet M, a network of more than 140 retail stores across India. Life is good for mobile phone stores there. Nearly 1 billion cellphone users crowd India. And Karwa does more $40 million in annual sales peddling mobile devices from most makers, including Research In Motion (RIMM).
Many get the feeling Research In Motion, maker of the BlackBerry, is no longer moving forward.

After the 18-some-odd hour flight from Mumbai to Florida, he was hopeful RIM's annual confab would deliver the mobile goods his business needs.

Get Ready for the M&A Boom >>

"BlackBerry used to be a big thing in India, but then the iPhone comes along and steals the show," Karwa told us as he was eating a Haagen-Dazs Bar on a stick in a crowded hallway here. "RIM accounts only for about 10% of my business, and growth on BlackBerry sales has been stagnant."

So when newly minted RIM CEO Thorsten Heins touted the benefits of its new operating system, BlackBerry 10, Karwa listened closely -- one CEO to another.

"I absolutely expect us to regain market share," emphasized Heins, as he went through the features and benefits of the operating system, which took three years to develop. BlackBerry 10 would be RIM's best -- and let's be honest here, probably last -- bet in the mobile computing market of tomorrow. Heins was pitching hard his interface concept called "flows," which has gesture-based navigation and typing that moves away from the traditional qwerty keyboard.

Facebook's Pop and How To Play It >>

But Karwa -- and many others in the room -- got the feeling Research In Motion was no longer moving forward.
1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.02 -2.67%
FB $104.07 -5.81%
GOOG $683.57 -3.45%
TSLA $162.60 -7.26%
YHOO $27.97 -4.00%


Chart of I:DJI
DOW 16,204.97 -211.61 -1.29%
S&P 500 1,880.05 -35.40 -1.85%
NASDAQ 4,363.1440 -146.4150 -3.25%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs