Research In Motion Ltd (BBRY) Suffers a Black Eye Following Q1 Results

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Taking market share from Apple Inc. (NASDAQ:AAPL) is the Samsung Galaxy S4. Following the April launch of Samsung’s flagship Galaxy S4 smartphone, units sales soared to 35,000 to 36,000 a day. Before the new smartphone’s debut, sales of Galaxy S3 and older models had been around 10,000 units a day.

However, even though the Galaxy S4 got off to a stellar start, several report suggest sales of the device have slowed down. Digitimes’ supply chain sources claim that Samsung has begun cutting back component orders for the new S4 devices due to a “slowdown in demand.”

Bruised or broken?

A slow welcome for the BB10 was not the kind of meet-and-greet Research In Motion Ltd (NASDAQ:BBRY) was anticipating. And while the highly anticipated BB10 keyboard device has just been on the market for roughly three months, retailers say there has not been frenzied demand for the model which does enjoy a cult-like following.

The question Research In Motion Ltd (NASDAQ:BBRY) shareholders want answered is if the company is simply bruised or broken.

CEO Heins described 2014 as a “transition year for the company.” That’s what was expected this year.

The chief also sidestepped analysts’ question about whether the company had a long-term future as a device maker, or whether it would eventually be broken up and sold off in pieces.

Even patient investors have lost patience.

I love my Research In Motion Ltd (NASDAQ:BBRY) phone, but I can’t say the same about the stock. Apparently, I have good company in that regard.

The article BlackBerry Suffers a Black Eye Following Q1 Results originally appeared on Fool.com and is written by Diane Alter.

Diane Alter has no position in any stocks mentioned. The Motley Fool recommends Apple. The Motley Fool owns shares of Apple. Diane is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.

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