Smartphone Makers Cracking

It's only a few days into April, and we're already starting to hear about results from some of the smartphone manufacturers. For instance, we know BlackBerry's (BBRY) revenue dropped a bit on a 32% sequential drop in device shipments, which resulted in an operating loss for the quarter. My favorite line in the outlook section of the quarterly earnings release was this one: "The company anticipates maintaining its strong cash position and continuing to look for opportunities to streamline operations." It sounds like more pain and modest growth ahead for the one-time smartphone leader.

Blackberry is not the only erstwhile stalwart of the smartphone market that is having trouble. Earlier this week, HTC issued preliminary results of $1.92 billion on the top line, another miss for the once-promising smartphone manufacturer, and a net operating loss of about $64 million before taxes. HTC has had problems over the last few quarters, and this latest quarter could take some steam out of the recent climb enjoyed by shares of InterDigital (IDCC), as HTC is a per-unit licensee of InterDigital's patent pool....387 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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