Yahoo Finance Kills Blackberry App in a True Sign of the Smartphone Times

By Michael Comeau  JAN 30, 2012 12:00 PM

Yahoo will stop producing its finance app for Blackberry, a symbol of the iconic device's fall from dominance.


On Friday afternoon, Internet giant Yahoo (YHOO) announced that it was decommissioning 10 of its mobile apps, saying on a company blog that "Our plan is to keep moving, to keep innovating, and to continuously measure and scrutinize what’s working and what isn’t – so we can make room for great new products."

Here's the list of apps that are headed to the scrap heap:
Now I can understand Yahoo pulling back to reassess its app strategy on the ultra-competitive Apple (AAPL) iOS and Google (GOOG) Android platforms.

However, I was truly surprised to see the company pull the Yahoo Finance app for Research In Motion's (RIMM) Blackberry.

I remember a day when Blackberry was standard-issue equipment for all the soldiers in corporate America, a crowd that, as you can imagine, would be very likely to demand financial news and data on the go.

Yahoo Finance is one of just a handful of Web properties that have stood the test of time. Think about it. Very few of the content sites that dominated in the late 1990s still have kingpin status today, and Yahoo Finance is one of them. Its position at the absolute top of the finance vertical hasn't ever been even remotely threatened by competitors, including Google.

The fact that the dominant Web finance property is pulling away from the business-centric Blackberry platform is truly a sign of the times. Given that, maybe I shouldn't have been surprised by Yahoo's move.

In the third quarter of 2011, Gartner pegged Blackberry's global market share at 11%, down from 15.4% the year before. We haven't yet seen Q4 numbers from Gartner, but it is a mathematical certainty that there's more shrinkage on the way, given the iPhone 4S' blockbuster sales numbers, and Samsung-led growth on the Android side. (See: Samsung and Apple Now Account for 86% of Smartphone Industry Growth.)

Now from an anecdotal perspective, I've been awfully surprised at the increasing number of 'suits' I see around New York City sporting iPhones and iPads. And when I say suits, I don't mean young, dashing folks in fashion or media -- I'm talking about Fortune 500 types in their 40s, 50s, and 60s. Again, a crowd that would seem to want financial news and data on the go.

And Yahoo just decided that crowd isn't big enough to support.

At least in these parts, traditionally, Apple products mostly appealed to a younger, hipper crowd, as well as creatives. But it's clear, at least to me, that the iOS platform is exploding across multiple demographics.

Heck, from what I've seen on airplanes, toddlers absolutely LOVE iPads.

Never seen one with a Blackberry or Playbook, though....

Twitter: @MichaelComeau

Position in AAPL

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.