Spotlight: BlackBerry Partners Fund to invest in app development

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Success in selling smartphones and tablets depends on more than the quality of the hardware. In reality, it's all about the ecosystem that surrounds the device. Research In Motion (NASDAQ: RIMM), maker of the BlackBerry smartphone, has learned the hard way that the lack of apps to complete the ecosystem can lead to a downturn in sales, which is exactly what has been happening to their once-dominant product line. Now the BlackBerry Partners Fund will invest $150 million in startups that develop apps for the BlackBerry smartphone. Article (Bloomberg)