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TheStreet Open House

BlackBerry Burns Apple: Tech Winners & Losers

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

NEW YORK ( TheStreet) -- BlackBerry (BBRY) shares were fluctuating between gains and losses as CEO Thorsten Heins made waves by saying that Apple's (AAPL) 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) were up 1.81% to $451.69 after a Chinese language website suggested Apple may introduce a new iPad mini.

The website CNYes.com 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) 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

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