LEGAL NOTICE: AllSportsMarket® (ASM) on The Global Sports Financial Exchange® International Patent Pending in 148 Nations

May 31, 2014 in public

map

 

We filed an international patent application with the U.S. Receiving Office in accordance with the United Nations World Intellectual Property Organization Patent Cooperation Treaty (PCT) on May 30, 2014.  Covered nations are in blue on the above map.

Details on the PCT can be found here: http://www.wipo.int/pct/en/

The 148 member nations are listed here: http://www.wipo.int/pct/en/pct_contracting_states.html

Our patent application (PCT/US14/40400) confirmation documents are downloadable here: https://thenewsportseconomy.com/wp-content/uploads/2014/05/ASM.PCT_.5.30.14.zip

 

 

Own the Game™ in 66 Days

May 29, 2014 in public

Justice Department Looking Into High-Speed Trading

April 4, 2014 in public

(credit to: http://www.usatoday.com/story/money/business/2014/04/04/attorney-general-holder-high-frequency-trading/7297897/)

The Justice Department is investigating high-frequency trading on Wall Street, Attorney General Eric Holder told a House committee today.

Holder appeared before the House Appropriations Committee Friday at a hearing on the budget. In testimony prepared for the hearing, Holder said that the Justice Department is investigating high-frequency trading to see whether it violates insider trading laws.

“The Department is committed to ensuring the integrity of our financial markets – and we are determined to follow this investigation wherever the facts and the law may lead,” he said in his testimony.

Holder noted that recently concerns have been raised about “this practice, which consists of financial brokers and trading firms using advanced computer algorithms and ultra-high speed data networks to execute trades, has rightly received scrutiny from regulators.”

Earlier this week, the Federal Bureau of Investigation confirmed that it was probing high-frequency and high-speed trading on Wall Street. And the Securities and Exchange Commission said that it, too, was looking at high-frequency trading. New York Attorney General Eric Schneiderman has also been investigating whether practices at the exchanges give traders unfair advantage over other investors.

High-frequency trading has become a hot issue in recent days since author Michael Lewis appeared on CBS’ 60 Minutes Sunday discussing his new book Flash Boys, about computer-driven stock trading. Lewis says the U.S. stock market is rigged by a combination of insiders — stock exchanges, big Wall Street banks and high-frequency traders — who can move faster than other investors.

“The market moves at two speeds: one speed for people who pay for access to the exchanges, who put their trading machines right next to the black boxes … and everybody else,” Lewis said Tuesday on the Today show. “And we are everybody else, everybody else being investors in the stock market.”

High-frequency trading group The Modern Markets Initiative has denied Lewis’ charges. “The markets are not rigged. Saying otherwise is a broad generalization that lumps the vast amount of good market behavior in with a few bad actors,” the group said in a statement.

AllSportsMarket (ASM) for iPhone/iPad Beta Release on May 31, 2014

April 2, 2014 in public

AllSportsMarket (ASM) for the iPhone/iPad will be released in beta stage on May 31, 2014.

Reserve your FREE account to receive news and updates here: http://AllSportsMarket.com

Please share with your friends and social networks.

Northwestern Players Get Union Vote

March 26, 2014 in public

(credit to: http://abcnews.go.com/Sports/northwestern-players-union-vote/story?id=23070500&singlePage=true)

In a potentially game-changing moment for college athletics, the Chicago district of the National Labor Relations Board ruled on Wednesday that Northwestern football players qualify as employees of the university and can unionize.

NLRB regional director Peter Sung Ohr cited the players’ time commitment to their sport and the fact that their scholarships were tied directly to their performance on the field as reasons for granting them union rights.

Ohr wrote in his ruling that the players “fall squarely within the [National Labor Relations] Act’s broad definition of ‘employee’ when one considers the common law definition of ‘employee.’”

Ohr ruled that the players can hold a vote on whether they want to be represented by the College Athletes Players Association, which brought the case to the NLRB along with former Wildcats quarterback Kain Colter and the United Steelworkers union.

“I couldn’t be more happy and grateful for today’s ruling, though it is the ruling we expected,” said Ramogi Huma, president of both the National College Players Association, a nonprofit advocacy group that has been around since 2001, and CAPA, which was formed in January. “I just have so much respect for Kain and the football players who stood up in unity to take this on. They love their university but they think it’s important to exercise rights under labor law.

“The NCAA invented the term student-athlete to prevent the exact ruling that was made today. For 60 years, people have bought into the notion that they are students only. The reality is players are employees, and today’s ruling confirms that. The players are one giant step closer to justice.”

Northwestern issued a statement shortly after the ruling saying it would appeal to the full NLRB in Washington, D.C.

“While we respect the NLRB process and the regional director’s opinion, we disagree with it,” the statement read. “Northwestern believes strongly that our student-athletes are not employees, but students. Unionization and collective bargaining are not the appropriate methods to address the concerns raised by student-athletes.”

In a statement, NCAA chief legal officer Donald Remy said: “While not a party to the proceeding, the NCAA is disappointed that the NLRB Region 13 determined the Northwestern football team may vote to be considered university employees. We strongly disagree with the notion that student-athletes are employees.”

Remy added: “Over the last three years, our member colleges and universities have worked to re-evaluate the current rules. While improvements need to be made, we do not need to completely throw away a system that has helped literally millions of students over the past decade alone attend college. We want student athletes — 99 percent of whom will never make it to the professional leagues — focused on what matters most — finding success in the classroom, on the field and in life.”

CAPA supporters, meanwhile, celebrated the news. Colter tweeted: “This is a HUGE win for ALL college athletes!”

Later Wednesday, he told ESPN’s Tom Farrey: “Obviously this is a huge day not just for Northwestern football players but all college athletes. It’s about gaining basic protection and rights.

“I was pleased with how strong the ruling was. The regional director did not budge one bit he backed us up on all of our points. I believe it’s going to be hard to overrule his decision, given how strong it is.

“For me this was just an opportunity to make things right and stick up for future generations and make up for the wrongs of past generations.”

Colter added that he was “confident” the Northwestern players would vote to unionize.

Colter, whose playing eligibility has been exhausted, said nearly all of the 85 scholarship players on the Wildcats’ roster backed the union bid, though only he expressed his support publicly. The United Steelworkers union has been footing the legal bills. CAPA attorneys argued that college football is, for all practical purposes, a commercial enterprise that relies on players’ labor to generate billions of dollars in revenues. That, they contend, makes the relationship of schools to players one of employers to employees.

In its endeavor to have the players recognized as essential workers, CAPA likened scholarships to employment pay — too little pay from its point of view. Northwestern balked at that claim, describing scholarship as grants.

Giving college athletes employee status and allowing them to unionize, critics have argued, could hurt college sports in numerous ways — including by raising the prospects of strikes by disgruntled players or lockouts by athletic departments.

The NCAA has been under increasing scrutiny over its amateurism rules and is fighting a class-action federal lawsuit by former players seeking a cut of the billions of dollars generated from live broadcasts, memorabilia sales and video games. Other lawsuits allege that the NCAA failed to protect players from debilitating head injuries.

NCAA president Mark Emmert has pushed for a $2,000-per-player stipend to help athletes defray some of their expenses. Critics say that isn’t nearly enough, considering that players help bring in millions of dollars to their schools and conferences.

CAPA’s specific goals include guaranteeing coverage of sports-related medical expenses for current and former players, ensuring better procedures to reduce head injuries and potentially letting players pursue commercial sponsorships.

For now, the push is to unionize athletes at private schools, such as Northwestern, because the federal labor agency does not have jurisdiction over public universities.

During the NLRB’s five days of hearings in February, Wildcats coach Pat Fitzgerald took the stand for union opponents, and his testimony sometimes was at odds with Colter’s.

Colter told the hearing that players’ performance on the field was more important to Northwestern than their in-class performance, saying, “You fulfill the football requirement and, if you can, you fit in academics.” Asked why Northwestern gave him a scholarship of $75,000 a year, he responded: “To play football. To perform an athletic service.”

But Fitzgerald said he tells players academics come first, saying, “We want them to be the best they can be … to be a champion in life.”

An attorney representing the university, Alex Barbour, noted Northwestern has one of the highest graduation rates for college football players in the nation, around 97 percent.

“Northwestern is not a football factory,” he said.

Information from ESPN reporter Tom Farrey and The Associated Press is included in this report.

AllSportsMarket® (ASM) on The Global Sports Financial Exchange®

March 11, 2014 in public

AllSportsMarket (ASM) is the main venue that will host sports contracts on a cloud-based exchange platform that forecloses any advantage by proximity or co-location. It prohibits high-frequency trading through policy and technical, machine-aided enforcement of market “speed limits”. It exceeds S.E.C. and C.F.T.C. minimum regulatory standards. Account creation, trader authentication and fraud protection are accomplished through an integrated wallet leveraging widely utilized existing banking structures and systems.

ASM is an “Open Market“. This means that all traders are identified, all contracts are serialized and all trades are known. This is deployed through a market search tool providing real-time access to all market data. There are no dark corners. Market data is dedicated to the public and not sold.

ASM is a 100% cash market (no margin). Some contracts pay dividends. ASM traders pay a 1% trading commission based on the total dollar value of their trades with rebates based on volume. ASM traders enjoy the benefit of the SportsFolioRewards program offering goods and services redeemable for points generated by their trading and account activity. The conduct of the SportsFolioRewards program will be achieved through tracking devices and interconnected computer systems.

ASM sports contracts are socially and commercially useful and serve the public interest by offering price discovery and risk management. ASM sports assets also remove the perverse incentives that presently corrupt the purity of sports. Importantly, both finally signify a successful implementation of an ancient idea where all others failed and solve a long-felt need. A socially useful sports-based financial tool puts the sports industry, at last, on equal footing with other industries that have enjoyed access to similar tools for decades, in some cases even centuries. In addition, integrity has been at risk since the inception of sports gambling, which creates a moral hazard problem by providing the wrong incentives to the participants who can profit from acts like game fixing and point shaving. ASM sports contracts, by economic and technological design,  totally remove the incentives to take these perverse actions and preserve integrity.

ASM splits revenue evenly (50/50) with the leagues (or relevant sports bodies and athletes where applicable) on traded contracts. Revenue tracking will be aided by computers and interconnected storage systems.

AllSportsMarket and The New Sports Economy – U.S. Patent Application #61/937,534 Filed February 8, 2014

February 18, 2014 in public

Systems and Methods for Trading Sport-Based Financial Instruments – U.S. Provisional Patent Application #61937534 Filed February 8, 2014 (CLICK THIS LINK)

U.S.P.T.O. Filing Receipt (CLICK THIS LINK)

SUMMARY:

The New Sports Economy is a bold new socio-economic paradigm and ecosystem revolving around sports as an asset class. It will substantially improve financial literacy and result in sound financial decision-making as the public learns finance through sports-based instruments and associated education tools. Being a familiar platform to most, sports will serve as a penetration point into the complex world of finance where participants gain confidence and subsequently master financial tools and knowledge. This collective increase in the knowledge base and public confidence will then result in a more sophisticated society that makes far better financial decisions. The improvement in financial literacy of the participants will be tracked through various scoring systems aided by machines. The New Sports Economy also stimulates the economy and reduces unemployment, two big problems that face the world today.  Scores of new businesses and jobs will be created in this ecosystem with sports, a new asset class, being the core innovation and leading to commercial and social success of the entire ecosystem.

Within this new asset class, two main classes of instruments will be traded: performance based and non-performance based including the SportsRiskIndex (SRI). In a big industry where performance, popularity and revenue generation are all connected having both of these classes co-exist is socially and economically optimal. Stakeholders will manage risks better, asset prices will be more accurate, investors will have wider diversification, markets will be more stable and to the extent that multiple regulators are involved, there will be more robust regulatory oversight. Through these instruments, the sports industry, one of the biggest in the U.S., will finally have access to financial tools which are available to practically every other industry but have been historically absent from the sports world.

AllSportsMarket (ASM), the main platform that will host both contracts is a cloud-based exchange platform that forecloses any advantage by proximity or co-location. It prohibits high-frequency trading through policy and technical, machine-aided enforcement of market “speed limits”. It exceeds S.E.C. and C.F.T.C. minimum regulatory standards. Account creation, trader authentication and fraud protection are accomplished through an integrated wallet leveraging widely utilized existing banking structures and systems.

ASM is an “Open Market“. This means that all traders are identified, all contracts are serialized and all trades are known. This is deployed through a market search tool providing real-time access to all market data. There are no dark corners. Market data is dedicated to the public and not sold.

ASM is a 100% cash market (no margin). Some contracts pay dividends. ASM traders pay a 1% trading commission based on the total dollar value of their trades with rebates based on volume. ASM traders enjoy the benefit of the SportsFolioRewards program offering goods and services redeemable for points generated by their trading and account activity. The conduct of the SportsFolioRewards program will be achieved through tracking devices and interconnected computer systems.

ASM sports contracts are socially and commercially useful and serve the public interest by offering price discovery and risk management. ASM sports assets also remove the perverse incentives that presently corrupt the purity of sports. Importantly, both finally signify a successful implementation of an ancient idea where all others failed and solve a long-felt need. A socially useful sports-based financial tool puts the sports industry, at last, on equal footing with other industries that have enjoyed access to similar tools for decades, in some cases even centuries. In addition, integrity has been at risk since the inception of sports gambling, which creates a moral hazard problem by providing the wrong incentives to the participants who can profit from acts like game fixing and point shaving. ASM sports contracts, by economic and technological design,  totally remove the incentives to take these perverse actions and preserve integrity.

ASM splits revenue evenly (50/50) with the leagues (or relevant sports bodies and athletes where applicable) on traded contracts. Revenue tracking will be aided by computers and interconnected storage systems.

The foregoing, in its entirety, represent a broad outline of claims to be filed in copyright and patent applications and claim the benefit of the one year “publication-conditioned grace period” as codified in the Leahy-Smith America Invents Act (http://www.gpo.gov/fdsys/pkg/PLAW-112publ29/content-detail.html). This is not an offer of sale of securities. Sports assets may require regulatory approvals prior to trading. Consult your legal advisor.

The Path to Full Employment and Equal Opportunity

January 2, 2014 in public

Everybody talks about two things these days. The first one is jobs. Where are they? How do we get them? What are the trends? What is the next big thing? The second topic is inequality. Not only income inequality but social inequality. Whatever happened to the middle class? What is the right level of government subsidies? Is everybody getting equal opportunities? Etc.

These are pretty important public policy issues. How do we create more jobs? How can we fix inequality? Can we accomplish both? Is that even possible?

It’s pretty simple actually. Your love for sports is what gets us on the path to full employment and equality.

But how? By creating a market for sports that does two things. First, the sports market will shatter the financial barrier for fans by creating new ways to make money based on sports. Second, it will arm you with the right tools, financial knowledge and awareness. The former leads to job creation and growth. The latter makes us equal and ensures we all have equal access to opportunities. This is a new world order, and we call it the New Sports Economy.

The destination is clear. A better future. A bigger pie that is more equally sliced. A world where any willing and hardworking person has a shot. The return of the American dream.

It is a long journey, however, so we also need some fuel to get there. Luckily, we’ve got lots of it. It actually existed for a long time. It is the collective energy already out there in each of you. It is your fanhood. Your deep love for sports.

If the destination is known and the source of energy already exists what are we missing? What we didn’t have until now is the vehicle that will get us there. What we need is a powerful train that runs on the love for sports. The sports markets we developed is that train.

Can we get on the path to full employment and equality in a different way? Can a different vehicle take us there? Not really. Even with the destination known, it is still an extremely long road from here to there. We would simply run out of gas. Sports is the only fuel that has a chance to get us there.

For our train to run, however, a supplemental source of energy is needed. Money. So, really, it’s the combination of sports and money that powers the train.

You may say “Wait a second. I’ve seen something similar before. It was a good looking car. People called it sports betting and it also ran on sports and money. It exploded right in front of my eyes. That won’t work. I’m out.”

We are the first ones to admit that sports and money is a dangerous combination that has produced many casualties before. But this really is a design issue. The power that could lead to explosions is exactly the same force that can make run things very well. Electricity, after all, could also kill you. But when controlled and properly used, it not only makes things run but also enlightens our world.

When it comes to financial products, our regulators essentially require one thing – a financial product has to serve the public. Kind of like public transportation. Its benefits should extend to not only individual utility but to the public at large.

Why is casino gambling not a financial product? Could that be a good vehicle to prosperity? No. The “gambling car” certainly turns heads. But it’s a pure entertainment vehicle that has no public utility. It is not safe either. It would sometimes explode harming the driver.  As a result, the gambling cars were allowed to exist in isolated parking lots and did not become part of the financial traffic. Think Vegas.

Sports betting, as a vehicle, fares even worse. Like the gambling car, it is unsafe. But it suffers from an additional problem. It could get really fast. Even with traffic rules in place, the only thing that prevents a driver from going really fast is self-control. Cops cannot catch everything. The fast road to money often involved corruption in sports. Game fixing. Point shaving. Ignoring the rules, and worse, ethics, to make money. Playing God with sports and altering the outcome of the game. That mentality injures not only the driver but others. It also pollutes the air by harming the purity and risking the integrity of sports. Gambling is bad, but unless there is organized crime involved, the gambler mostly destroys himself. Sports betting destroys dreams.

How, then, does our proposed combination of sport and money work? What do our products look like?

Our lead product is like a stock that pays dividends if the team does well on-the-field.

Something that pays based on performance?

Yes, absolutely. It is good for the sports industry and for the public in general. It’s good for the sports industry because it acts as insurance for sports-related losses. It’s good for the public because unlike a sports bet, that just vanishes after the game with essentially no trail, it produces valuable price information that improves decision-making. These two aspects are what the regulators pay attention to, but our products would have been a failure had they not addressed the integrity issue. With our performance-based product, the trader gets only a minimal payment based on the outcome of the game. The rest is captured through price appreciation and future dividends. There is simply no incentive to cheat. No shortcuts. This market doesn’t pollute the air. It preserves the integrity of sports.

We are not delusional that this product will sail through. On the contrary, we expect formidable opposition and intense regulatory scrutiny. Nevertheless, we believe the love of sports will find a way.

Still, the choice is curious. Couldn’t we simply put out another sports finance product as the lead product, maybe one that is not based on performance?

We spent many years discussing that. We are fully aware that our performance-based product may be perceived as gambling so we questioned whether it is fit enough to be our lead product. But if you really think about our destination of full employment and equality, this is the only product that could ever work as the lead product. In other words, if our train represents various sports markets and products, our locomotive must be the performance-based product.

Why? The answer is financial illiteracy. Finance has evolved so much, so fast, that most of our nation fell behind. Unnecessary debt, bad financial decisions, and not being good with money is a big reason why there is unemployment, inequality, and lack of social mobility. The efforts to combat financial illiteracy exist, but they are incomplete at best. The problem is not lack of goodwill but the size and pervasiveness of the issue. Financial illiteracy is cancer. It cannot be cured with educational band aids and painkillers. The solution needs to be bold. We need to develop the cure for cancer. Our performance-based product is that cure.

We can see that puzzled look on your face. You are still suspicious, aren’t you? You realize that the regulatory hurdles must be jumped over for this contract even to trade. But even if that happens, how in the world will that create jobs and equality?

Well, once the first contract trades, something magical will happen…

Sports trading is certainly not a get rich quick scheme. Like any other trading environment, some people will make money and some will lose. Can an informed trader with good judgment make money? Yes, but there will be far more opportunities on the business side. Data analytics. Asset management. New apps. Education. Technology. Media. Advertising. Analysis and commentary. An entirely new ecosystem around sports trading that creates new ways of making money. A genuine opportunity to follow your passion and make it your job.

How many sports fans do we have in this country? Answer: more than total number of people employed. If just 1% of them follow their passion to a sports job, we will make a significant dent in unemployment.

But… there is a catch. In order to make money, regardless of whether you are a trader or you create a business around sports trading, you need to understand trading, dividends, buying, selling, stocks, splits, arbitrage, market efficiency, market anomalies, portfolio diversification and risk. You will observe how markets react to information. You will see how expectations may have already been priced in. You will understand how markets work.

To the lucky few, it comes naturally. They are wired to understand these difficult concepts. They may learn it in school and digest it even if all they hear is technical abstractions and Greek letters. The rest of us (90%? higher?) needs to see it, touch it, spend time with it, and stay with it. Intimidation is the biggest enemy of the desire to learn.

As you start building your SportsfolioTM, you will not be intimidated anymore. You will have the desire to learn.

No, any financial product would not get us on the path. Heck, even any sports-based financial product wouldn’t get us on the path. It has to be a familiar place. Something that doesn’t intimidate. Something we all know and understand. Something we love. A performance-based product does the trick. Nothing else will.

So…once the contract starts trading, our locomotive would start making some noise. New businesses will come to life. New jobs will be created. Finance will expand into Main Street. As we all learn more, we will have better access to broader opportunities. We will know more and start making sounder financial decisions.

But this is just the beginning…

Our second product, the car behind the locomotive, if you will, is essentially a formula that tracks, roughly, how much a team is worth. It produces a higher number when the team is in good shape, financially. Think attendance, TV ratings and other factors that make a team prosper. This formula does not track game outcomes.

This is another sports product. It can be traded through futures pending regulatory approval. Like our first product, it serves the sports industry and public at large through price information and risk management. No pollution with this one, either. No integrity issues. No manipulation.

The first product tells us what the public’s sports vote is regarding success on-the-field. The second one does the same for success off-the-field. Oh, and they both tell us which teams and leagues are more popular, measuring “popularity” from slightly different angles. Together, they measure everything that needs to be measured in the sports world.

Having both products on the market has many other benefits as well. Investors can diversify, not only within sports assets, but across. There could be multiple regulators watching over, making the markets more stable. Certainly more jobs. An educated workforce. More knowledge and awareness. Less intimidation of finance. All of which would mean that new passengers will get on our train, we’ll start getting closer to full employment and equality.

A powerful train is hard to stop. Which works for us because we don’t want it to stop until it picks up as many people as it can, and then gets all of us to our destination. Over time, the train itself will get longer by the addition of new cars, each car representing another financial innovation. We may add a few more ourselves. Robert Shiller, the recent Nobel Laureate in economics, has quite a few good ideas. There will be many others. Innovation breeds innovation after all. With each addition, the train will get more powerful and its capacity will continue to increase, picking up more people at each station and humming through to the destination.

One thing will never change though. The train will continue to be powered by your love for sports.

Long live the New Sports Economy.

 

Build a REAL SportsFolio! – AllSportsMarket Returns 3.31.14

November 20, 2013 in public

On March 31, 2014, the preview release of the new AllSportsMarket platform will be open exclusively to stakeholders.

The new platform is built on the Google cloud architecture plugging directly into Google Wallet. This will provide secure banking, fraud protection and load capacity to handle virtually unlimited users around the world. The market will strictly conform to the core principles as required by government regulations.

1. This new market is for the sports fans… Main Street… NOT Wall Street… and NOT their trading machines.

2. There will be NO margin. This is a cash market only.

3. Commissions will be set at 1% and rebates will apply for volume traders.

4. There will be FULL public reporting of traders and trades. NO secrets.

Android Nabs Milestone 81 Percent of Smartphone Market

November 12, 2013 in public

(credit to: http://www.pcmag.com/article2/0,2817,2427013,00.asp)

Google’s Android platform had a milestone third quarter, topping 80 percent of global smartphone shipments for the first time, according to IDC.

The analyst firm also said Microsoft’s Windows Phone had an “amazing” quarter with 156 percent year-over-year growth.

“Android and Windows Phone continued to make significant strides in the third quarter. Despite their differences in market share, they both have one important factor behind their success: price,” Ramon Llamas, Research Manager with IDC’s Mobile Phone team, said in a statement. “Both platforms have a selection of devices available at prices low enough to be affordable to the mass market, and it is the mass market that is driving the entire market forward.”

Android reached 81 percent of the smartphone market thanks to its “broad and deep list of vendors,” IDC said. Still, Samsung led the charge with 39.9 percent of Android shipments, while other Android vendors “still struggle to find meaningful market share.”

Apple’s iOS landed in second place with 12.9 percent of mobile operating system share. That’s down from 14.4 percent during the same time period last year, but IDC attributed that to “soft demand in the weeks leading up to the launch of iOS 7 smartphones.”

“If the 9 million units sold during the last week of September is any indication of future adoption, iOS stands to reap another record quarter in terms of volumes, market share, and year-over-year growth,” IDC concluded.

Windows Phone landed at 3.6 percent mobile OS market share, up from 2 percent last year. It shipped 9.5 million devices during the third quarter, driven largely by Nokia.

“By itself, Nokia accounted for 93.2 percent of all the Windows Phone-powered smartphones shipped during the quarter, marking a new milestone in the company’s short history on the Microsoft platform,” IDC said. “Participation from other vendors, meanwhile, still seemed a mixed bag with more vendors participating from a year ago, but volumes still far behind Nokia’s own.”

BlackBerry continued its downward spiral, landing at 1.7 percent share for the quarter, down from 4.5 percent last year.

Google recently released a new version of Android, dubbed KitKat.

Copyright © - 2014 Crystal World Holdings, Inc. All Rights Reserved.

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