Cisco tablet, Apple-Verizon deal pressure Blackberry maker


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It hasn't been a good week for the markets - soaring Tesla ( TSLA ) IPO aside - but it's been even worse for Research in Motion ( RIMM ), the maker of the iconic BlackBerry smartphone. A series of announcements from competitors and the company's own internal woes have pushed its shares down 8.2 percent since the beginning of the week, and it's lost almost 30 percent since the beginning of the year.

One blow came from the company's major network partner, Verizon Wireless ( VZ ). The nation's largest network finally announced, after years of speculation, that it will begin selling Apple 's ( AAPL ) iPhone next year. Within moments of the news, RIM shares lost almost 4 percent.

With the iPhone 4 smashing sales records while still being tethered to the much-criticized AT&T ( T ) wireless network, most expect Apple to sell millions more iPhones with Verizon.

In the tablet market, another sector dominated by Apple, Barron's believes RIM will take another hit from Cisco Systems ( CSCO ). The business technology giant announced that it will introduce an Android OS-based tablet called the CIUS, with a price under $1,000 and integration with Cisco's patented Telepresence technology.

Analysts believe that RIM will soon attempt to market its own business tablet, but with Cisco stealing some of its thunder and its market share, that too could prove an uphill battle. ADNFCR-1724-ID-19870007-ADNFCR

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Personal Finance Technology
Referenced Stocks: AAPL , CSCO , RIMM , T , TSLA , VZ

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