Tech Business Roundup: Motorola Droid OUTSELLS iPhone, Research in Motion TARGET of Criticism
Motorola’s (NYSE:MMI) Droid RAZR MAXX outsold the iPhone at Verizon Wireless in June, due to Big Red’s endeavors to promote 4 gigabyte device sales, says Anil Doradia at William Blair, adding that the next iPhone (NASDAQ:AAPL) is also expected to support 4 gigabytes. On the other hand, a T-Mobile (DTEGY.PK) executive is said to told employees that the struggling company won’t receive the iPhone in 2012.
Don’t Miss: Is Apple HIDING New iPhone Features?
As usual, it’s perfect timing (not!) for Research In Motion (NASDAQ:RIMM), as yet more negative commentary arises just ahead of its fiscal first quarter report on Thursday. Another analyst, this time Wedge Partners, doesn’t believe that RIM will find a buyer in the near term, especially in the present environment, in which enterprises are taking to the iPhone en masse; and also is dubious that BlackBerry10 has any chance at competing with its three major rivals. Sterne Agee is chiming in, slashing its estimates for basically the same reasons, and thinks that the second fiscal quarter BlackBerry shipments could slide below 7 million.
Vodafone (NASDAQ:VOD) is said to have avoided paying around £1 billion in U.K. taxes over the past decade, while its revenues have soared, reports a Reuters investigation. The inquiry finds that inter-company loans, of which the interest payments are tax deductible, were among the ways in which the firm reduced its profits in Britain.
Want news like this in real-time so you can get an edge? Click here for Wall St. Cheat Sheet Pro.