Point Roberts, WA - March 6, 2013 (www.investorideas.com newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in sector research for independent investors reports on Mobile stocks trading for March 6th, 2013.
Research In Motion Limited (NASDAQ:BBRY) trading at $13.46 gained $0.88 or 6.99% on a high volume of 34,265,335 shares.
Shares of BlackBerry rose today after the company secured the second major supply contract this week for its new BlackBerry Z10 devices.
The company reported that a mental health organization based in the United Kingdom has ordered 1,800 of the touchscreen phones. Birmingham and Solihull Mental Health Foundation Trust will receive shipments of the phones throughout the year.
After the announcement, BlackBerry's stock was up 71 cents to $13.61 near midday on the Toronto Stock Exchange.
"BlackBerry has been our mobile enterprise solution of choice for a number of years and we're committed to a full-scale BlackBerry 10 deployment," said Stephen Asante-Boakye, head of technical services at the mental health group.
"During April and May, we will roll out 700 BlackBerry Z10 smartphones running on the new BlackBerry Enterprise Service 10, with an additional 1,100 devices set to roll out throughout the remainder of 2013."
Earlier this week BlackBerry also signed a supply agreement with the German government.
Blackberry's stock may be on another upward spike as the we grow closer to their US release date of March 15 th.
Apple Inc., (NASDAQ:AAPL) trading at $426.13 dropped $-5.01 or -1.16% on a volume of 11,311,815 shares.
Citigroup's Glen Yeung is one among three analysts who today cut their estimates and price targets for Apple, warning of product gaps and the diminishing returns from the smartphone and tablet market.
Yeung, who has a Neutral rating on shares of Apple, cut his price target to $480 from $500, after cutting the current quarter's estimate to $40.45 billion, gross margin of 37.9%, and EPS of $9.23 from a prior $42 billion, 38%, and $9.73. He also cut full-year 2013 and fiscal 2014 and 2015 estimates.
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