Blackberry Struggling to Stay Afloat, Even With Wall Street Crowd

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The rapid releases of new innovations in mobile technologies have caused Blackberry developer, Research in Motion, to fall behind. The company showed a decrease in quarterly profits, an eight-year low in share price, and a  depressing forecast for shipments during the holiday season.

What has been more telling, however, is that even one of Blackberry’s biggest markets, Wall Street financial users, are beginning to shift loyalty to other mobile devices. According to Wall Street & Technology, a CTO of a Connecticut-based hedge fund said that “when a top hedge fund manager wants to use an iPhone instead of a BlackBerry they can now switch, even though he prefers RIM security.”

Wall Street & Technology