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Article: Three things you need to know today.(Business)
- Article from:
- Daily Herald (Arlington Heights, IL)
- Article date:
- September 26, 2009
CopyrightCOPYRIGHT 2009 Paddock Publications. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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RIM trims sales forecast
NEW YORK u Research In Motion Ltd., which has operations in Rolling Meadows and Lincolnshire, forecast third-quarter sales that fell short of analystsAE projections, a sign the BlackBerry maker may have to sell more phones at lower prices to compete with AppleAEs iPhone. The company has cut prices of some products as it prepares to release new BlackBerrys later this quarter, co-Chief Executive Officer Jim Balsillie said Friday. RIM is up against rival devices from Apple and Palm Inc., both of which have lowered prices recently, and a raft of planned phones based on GoogleAEs Android software.
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