BlackBerry Stays Alive; Apple Expands Its Universe: Tech Weekly
NEW YORK (TheStreet) -- BlackBerry
BlackBerry earned 22 cents a share on $2.7 billion in revenue during its fiscal fourth quarter. Analysts polled by Thomson Reuters expected the company, formerly known as Research In Motion, to lose 29 cents on $2.84 billion in revenue.
The Waterloo, Ontario-based company said it shipped 6 million BlackBerry smartphones, including 1 million BlackBerry 10 smartphones and 370,000 PlayBook tablets. About 55% of BlackBerry 10 users came from other platforms, CEO Thorsten Heins noted on a conference call. The company ended the quarter with a subscriber base of 76 million, down from 79 million in the third quarter.
BlackBerry shares traded higher for the week, rising 22% in the first quarter.
T-Mobile is finally getting an Apple
The T-Mobile iPhone will be among the first to be priced under its new no-contract plan. That means the iPhone -- as well as the Samsung Galaxy Note II, the BlackBerry
The model is designed to take advantage of the company's new LTE network that T-Mobile says it's building across the country. Unlike other iPhone models, T-Mobile unit will benefit from being able to "fall back" to its current HSPA+ 4G network speeds instead of the 2G or 3G back-ups that other carriers use.
That idea is part of T-Mobile's plan for simplifying how consumers buy and pay for a phone. The company calls itself the "un-carrier." Unlike other major carriers, T-Mobile is offering no-contract plans with unlimited voice, text and messaging plus a minimum of 500 KB of data for $50 a month. Additional data will be added at cost in 2 GB increments.
T-Mobile estimates that after two years, users will be done paying for their phone. Comparing the new plans with the competition (the company used AT&T
MetroPCS shares traded higher for the week, closing the first quarter of 2013 up 9.7%.