Items tagged with (NASDAQ:BBRY)

Evidently BlackBerry is still miffed at T-Mobile for encouraging users to trade in their BlackBerry handsets for iPhone devices. As a result, the Canadian handset maker has decided to terminate its relationship with the fourth largest carrier in the U.S. by opting not to renew T-Mobile's license to sell BlackBerry products when it expires on April 25, 2014, the company announced. Though the relationship recently turned sour, BlackBerry CEO John Chen was careful not to burn any bridges and left open the possibility that the two sides might agian have a business relationship sometime down the line. For now, however, BlackBerry just can't get past T-Mobile's infatuation with the iPhone. "BlackBerry... Read more...
Facebook surprised a lot of people when Mark Zuckerberg announced his social network was acquiring WhatsApp, an instant messaging application for smartphones, for $19 billion, representing the company's biggest acquisition to date. When asked about the valuation, BlackBerry's CEO, John Chen, said he would take $19 billion for his company's messaging service in a heartbeat. "I work for the shareholder. Standard answer. If somebody comes to me with $19 billion, I would definitely sell it. I would recommend to the board to take it," Chen told CNBC. Chen also said he doesn't view BlackBerry Messenger in the same way. He says he knows there's significant value in the messaging business, and the way... Read more...
Down but not out, BlackBerry will attempt to pick itself back up and once again become a legitimate contender in the smartphone space by returning to its roots. Announced at Mobile World Congress in Barcelona, BlackBerry said its new Q20 smartphone will feature a full QWERTY keyboard with the familiar and classic Menu, Back, Send, and End buttons, along with an integrated trackpad for one-handed navigation. BlackBerry has tried seemingly everything to claw its way back to relevance in the mobile space, including getting away from QWERTY keyboards on its flagship devices. The Z10 was the first touchscreen-only smartphone to run BlackBerry 10 (BB10), followed by the Z30 released in October of last... Read more...
Microsoft’s long-awaited update to its Windows 8 operating system, Windows 8.1, recently landed, and already it’s clear that many users are taking advantage of the free upgrade. According to NetMarketShare’s numbers, Windows 8.1 rose to 1.72% of the desktop OS market share after starting at 0.39% in August (and climbing to 0.87% in September). Over that same time period, Windows 8’s share rose from 7.41% to 7.53%; granted, in September Windows 8 was up to 8.02%, so Windows 8.1 cannibalized its numbers a bit in October, but overall Microsoft’s latest OS and its update are steadily gaining adoption. In fact, so is Windows 7, even as Windows Vista and Windows XP market... Read more...
You have to wonder how much of a beating BlackBerry can take. After another period of struggling to compete with not only Android and iOS, but also having fallen behind Microsoft's Windows Phone platform in mobile market share, BlackBerry on Friday reported a loss of $965 million on revenue of $1.6 billion for its second quarter ended August 31, 2013. The massive loss is largely a result of a $934 million charge on unsold Z10 smartphone inventory, plus an additional $72 million mostly related to layoffs. BlackBerry's $1.6 billion in revenue is down 49 percent from $3.1 billion in the previous quarter and down 45 percent from $2.9 billion in the same quarter of fiscal 2013, BlackBerry said. It... Read more...
BlackBerry has a problem: it just can't get enough attention from the consumer market. In fact, it's actually planning an exit from selling smartphones primarily to consumers in order to focus on lucrative enterprise contracts. But oddly enough, BlackBerry's latest problem has nothing to do with being unable to get attention; in fact, it's quite the opposite. Prior to launching BBM for Android, an unreleased version of the BBM for Android app was posted online. The "leaked" build, according to BlackBerry, was downloaded over a million times in just eight hours. Of course, since the build wasn't final, it's causing some issues across Android phones. So, because it simply has too much attention... Read more...
BlackBerry may be on the way to the grave, and we aren't saying that with any sarcasm in the background. The company formerly known as RIM has been slipping in a major way of late, with the new BlackBerry 10 devices doing little to rekindle interest in a waning brand. It's tough to know what BlackBerry could've done to prevent such a massive drop-off, but none of that matters now: the reality is that Android and iOS have taken the mobile world by storm, and there's only a distant third to be had after that. Now, BlackBerry is issuing preliminary financial results for its fiscal Q2 2014 -- and it's not because it just can't wait to share positive news. The company is expecting a net operating... Read more...
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