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Research In Motion on Thursday reported another disappointing quarter. BlackBerry subscribers were up 40% year-over-year in the second quarter but RIM's net income plummeted by 60%, margins were squeezed, average selling prices of BlackBerry smartphones dropped and RIM managed to burn through more than half of its cash in a single quarter. Concerns are mounting, analysts are barking and RIM's stock fell off a cliff in after-hours trading. Tossing yet another concern onto the pile, RIM's global smartphone market share likely dipped into the single digits last quarter.
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Boy Genius Report, BlackBerry market share in Q2 may have hit single digits