BlackBerry maker cedes consumer markets

Struggling BlackBerry maker Research in Motion Ltd. said Thursday that it will cede most consumer markets after failing to compete with flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software

BlackBerry maker Research in Motion Ltd. said Thursday, March 29, that it will cede most consumer markets after failing to compete with flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software.

A BlackBerry handset is displayed in Washington, in this file photo. Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones

Research in Motion Ltd. said Thursday, March 29, that it will cede most consumer markets after failing to compete with flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software.

Visitors inspect Blackberry mobile phones at their booth at the CeBit computer fair in Hanover, in this March, 6, 2012, photo. Research In Motion has delayed its annual presentation to financial analysts, usually held during the BlackBerry World conference in May, until it launches its next-generation smartphones

The BlackBerry PlayBook OS 2.0 is seen in this file photo. BlackBerry maker Research in Motion Ltd. said Thursday that it will cede most consumer markets after failing to compete with flashier touch-screen phones such as Apple's iPhone and models that run Google's Android software

BlackBerry maker Research In Motion said March 29, 2012 it had swung to a loss in its most recent quarter, in disappointing first results for the struggling device maker under its new chief executive

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