RIM CEO fires back at Apple counterpart


Shutterstock photo

The top executive of portable device manufacturer Research In Motion ( RIMM ) responded to critical remarks his counterpart at Apple ( APPL ) issued Monday, Bloomberg reports .

Jim Balsillie's answer, issued via email on Tuesday, was in response to Steve Jobs of Apple saying neither RIM nor Google is able to create software for a platform that can compete with Apple.

"While Apple's attempt to control the ecosystem and maintain a closed platform may be good for Apple, developers want more options and customers want to fully access the overwhelming majority of web sites that use Flash ( ADBE )," Balsillie's statement reads. "Many customers are getting tired of being told what to think by Apple."

He also addressed Jobs taking shots at the PlayBook that RIM is manufacturing, specifically stating it will be too small to compete with Apple's iPad and too large to contend with smartphones.

RIM stock settled at $47.30 when NASDAQ closed on Tuesday, dipping $1.24. Thus far this year, RIM stock has dipped 30 percent while Apple's has risen 47 percent.

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
More Headlines for: ADBE , APPL , RIMM

More from NASDAQ.com News


NASDAQ.com News

NASDAQ.com News

Market News
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by BankRate.com