Category Archives: Etc.

Struggling BlackBerry faces up to new reality

Raman Roy, chairman & managing director of Quatrro BPO Solutions, is a die-hard BlackBerry user, and on to his 6th one. “I can’t do without my BlackBerry,” says Roy, a pioneer in the Indian business process outsourcing industry. But his daughter, he says, never took to BlackBerry; she went for an iPhone-and has stuck to it.

This anecdote perhaps captures what went wrong with the iconic brand that first brought mail-on-the-go feature to mobile handsets. The market share of the one-time smartphone leader has plummeted from 14.8 per cent in the April-June quarter in 2010-11 to 1.6 per cent in 2012-13, according to data from IDC India. Even though thousands of business executives and professionals, like Roy, swear by BlackBerry’s Qwerty experience, the proprietary messenger service, or BlackBerry messenger, and the data security features, the reasons for the sharp slide in market share and the lukewarm response to its new models are not hard to fathom.

More at Business Standard

Silicon Alley’s First Billionaire Aims To Dominate Images On Web

Jon Oringer marches along the gutted 21st floor of the Empire State Building and ducks out a window onto a deck to pose for a magazine shoot, snapping his own photos as the photographer snaps photos of him. Starting this winter, the entire floor (and an identical one below it) will play home to Shutterstock SSTK -2.07%, Oringer’s 295-person photo website whose shares have more than tripled to a $2.5 billion market value since their debut on the NYSE last October.

It’s an appropriate headquarters for New York’s first tech billionaire ($1.3 billion, to be exact) as he looks to ride the proliferation of screens, smartphones and bandwidth to turn Shutterstock into the world’s largest marketplace for buying and selling images. Right now that title belongs to the Carlyle Group-owned Getty Images, but over the last few months Oringer, 39, has inked a deal with Facebook FB -0.76% for its advertisers, launched offerings of high-end photography and raised $276 million in a secondary offering–all while expanding and simplifying his library of 25 million images and a million videos searchable in 20 languages. What began ten years ago with one $1,000 Canon Rebel and a 600-square-foot office has exploded into a platform that adds 20,000 new photos a day from 40,000 contributors in more than 100 nations.

Click here for complete article at Forbes.com