Canaccord cuts its 2012 and 2013 financial estimates for Research In Motion (RIMM -2.4%) due to...

|By:, SA News Editor

Canaccord cuts its 2012 and 2013 financial estimates for Research In Motion (RIMM -2.4%) due to weak demand for the company’s BlackBerry 7 smartphone lineup despite increased marketing efforts. Facing iPhone 4S share gains, price competitive Android, improving Windows smartphones, and strong Kindle Fire sales, the firm sees "increasing competition across all tiers of RIM’s products.”