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 Burns Apple: Tech Winners & Losers

(Updates from 1:02 p.m. ET with closing prices.)

NEW YORK ( TheStreet) -- BlackBerry (BBRY - Get Report) shares were fluctuating between gains and losses as CEO Thorsten Heins made waves by saying that Apple's (AAPL - Get Report) iOS operating system was outdated.

"History repeats itself again I guess ... the rate of innovation is so high in our industry that if you don't innovate at that speed you can be replaced pretty quickly," Heins said during the interview with The Australian Financial Review. "The user interface on the iPhone, with all due respect for what this invention was all about, is now five years old."

BlackBerry last week announced that an "established partner" purchased 1 million BlackBerry 10 devices, with shipments to start immediately. "An order for one million devices is a tremendous vote of confidence in BlackBerry 10," said Rick Costanzo, EVP Global Sales, BlackBerry in the press release.

Despite the verbal assault by Heins, shares of Apple (AAPL - Get Report) were up 1.81% to $451.69 after a Chinese language website suggested Apple may introduce a new iPad mini.

The website CNYes said Apple may market an upgraded iPad mini this spring. The new iPad mini would come with Retina Display, something the original iPad mini doesn't have.

Late last year, speculation grew that Apple would announce an upgraded iPad mini with Retina Display, though timing was uncertain. Apple couldn't be immediately reached for comment for this story.

Glu Mobile (GLUU - Get Report) shares rose 8.68% to $3.63 after Northland Capital Markets analyst Darren Aftahi upgraded shares to "outperform" from "market perform."

The San Francisco-based mobile gaming company recently announced its entry into real world gambling. Glu Mobile is partnering with Probability to bring elements of Glu's popular Samurai vs. Zombies Defense to a gambling product.

Closing prices: BBRY ended Monday trading up 3 cents to $15.02; AAPL rose $12.06, or 2.7%, to $455.72; and GLUU was 27 cents higher, or 8.1%, at $3.61.

-- Written by Chris Ciaccia in New York

>Contact by Email.

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 $93.74 0.00%
BBRY $7.06 0.00%
GLUU $2.67 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs