Apple's iPhone is outdated, according to the chief executive of BlackBerry-maker Research In Motion Ltd.
BlackBerry, formerly known as Research In Motion Ltd., says it has received an order for one million of its new smartphones, marking the largest ever single purchase in the company's history.
LG Electronics Inc. is aiming to raise its smartphone sales by more than half this year as it makes a shift from basic phones to high-end devices after lagging competitors for several years.
Shares of BlackBerry maker Research In Motion rose 3 percent Thursday with Wells Fargo saying that better gross margins from the company's new phone will offset potentially limited demand.

A modern BlackBerry with a physical keyboard might not arrive in the United States until May or June, a month or two behind other parts of the world, the chief executive of the smartphone maker suggested in an interview.
Research In Motion Ltd. is changing its name to BlackBerry as the Canadian company develops two new phones with a modern operating system called BlackBerry 10. RIM is counting on the new system to help with a turnaround. Here's a look at recent developments as the company struggles to regain market share lost to Apple's iPhone and devices running Google's Android operating software.
Research In Motion Ltd. has two new BlackBerry phones, including one released in Canada on Tuesday. They will run the new BlackBerry 10 operating system. Here's how the phones compare with Apple's iPhone 5 and Samsung's Galaxy S III.
Research In Motion Ltd. has designed the first two phones running the new BlackBerry 10 software. The Z10 came out in the U.K. last week and Canada on Tuesday, but it won't go on sale in the U.S. until mid-March. It will have a touch-screen keyboard. A model with a physical keyboard, the Q10, will not be available until later, further delaying a long-overdue makeover for the Canadian company and its once-pioneering product.
A modern BlackBerry with a physical keyboard might not arrive in the U.S. until May or June, a month or two behind other parts of the world, the chief executive of the smartphone maker suggested in an interview.
A modern BlackBerry with a physical keyboard might not arrive in the U.S. until May or June, a month or two behind other parts of the world, the chief executive of the smartphone maker suggested in an interview.
Research In Motion Ltd. showed off two new BlackBerry phones on Wednesday. They will run the new BlackBerry 10 operating system. Here's how the phones compare with Apple's iPhone 5 and Samsung's Galaxy S III.
Are you ashamed to have a BlackBerry? It's not exactly a status symbol any more, at least not in the U.S., after it got left in the dust by the iPhone. Now, there's a new BlackBerry that wants to get back into the cool club: the Z10.
Research In Motion's stock gyrations reflect investors' key concern: Is the BlackBerry maker's new phone the company's savior or isn't it?
A new generation of more versatile BlackBerry smartphones is finally about to hit the market after excruciating delays allowed mobile devices made by Apple, Samsung and others to build commanding leads in a market that is redefining society.
Research In Motion Ltd. showed off two new BlackBerry phones on Wednesday. They will run the new BlackBerry 10 operating system. Here's how the phones compare with Apple's iPhone 5 and Samsung's Galaxy S III.