The folks at Microsoft's Windows Phone unit may not publicly admit it, but they're likely jumping for joy today.
That's because Windows Phone's closest competitor, BlackBerry, has essentially throw in the towel. The company on Monday said it had agreed on a $4.7 billion deal that would take it private, while continuing its shift away from the consumer smartphone market.
"Today's news will speed up this move away from BlackBerry as no one will think they will get any support," said Gartner analyst Carolina Milanesi. "Windows Phone is well positioned to … Read more
BlackBerry is going private.
BlackBerry said Monday that it had entered into a deal with a consortium led by Fairfax Financial Holdings that valued the company at $4.7 billion. Under the deal, shareholders would receive $9 a share in cash, a slight premium to the $8.23 that the stock is currently trading at.The deal ends a great deal of uncertainty that surrounded the company, which warned on Friday that it would lose nearly $1 billion in the fiscal second quarter as it sought to pull back from the consumer smartphone market it helped create.
Fairfax intends to … Read more
Even as BlackBerry's fate remains up in the air, details of new, lower-end phones emerge.
The "Americano," an all touch-screen BlackBerry that looks like a Z30 with cheaper parts, popped up over the weekend, courtesy of BlackBerry news Web site BBIN. On Monday, BGR posted a picture of "Kopi," another low-end device that is supposedly more affordable than the budget Q5.
It's no surprise that both phones appear as if they are going after a more budget-conscious segment of consumers -- BlackBerry still has fans in emerging markets where high-end devices like the iPhone 5 … Read more
BlackBerry can't seem to catch a break.
The company was set to release its long-awaited BlackBerry Messenger client for Android and iOS devices this past weekend, but a little monkey wrench curtailed those plans.
An apparently unreleased version of the BBM app for Android was leaked online before BlackBerry could get the official one out. That unofficial app won over more than 1.1 million users in just its first eight hours. But that app "caused issues," BlackBerry said on Saturday, which the company said it has tried to resolve.
A version of BBM for iOS also … Read more
BlackBerry's troubles have been getting worse for some time. Still, the company found time to invest in another airplane in July.
According to The Wall Street Journal, which obtained Canadian aircraft-registry records, BlackBerry acquired a 2006 Bombardier Global Express airplane in July to cart its executives around the world. The records didn't indicate how much BlackBerry paid for the aircraft, but the Journal says that similar aircraft have been purchased for upwards of $29 million.
BlackBerry's decision to acquire another aircraft came as the company was hemorrhaging cash. On Friday, the BlackBerry maker announced that it will … Read more
BlackBerry Messenger finally makes its debut on iOS and Android devices this weekend. But will anyone care?
BBM takes its first step across different mobile platforms at a dark time for BlackBerry. The company on Friday released early fiscal second quarter results, warning that it would close to $1 billion. It was also cut 4,500 jobs and retreating from the consumer market as it refocuses on the business world.
For many, BBM is a forgotten relic of an older smartphone era -- one that BlackBerry dominated. It was a favorite feature of BlackBerry phones, but its usefulness waned as … Read more
It's fitting that on the same day BlackBerry announced it had lost nearly $1 billion in the past quarter thousands of Apple fans were lined up to buy a new iPhone.
The juxtaposition between the have (Apple) and have-not (BlackBerry, obviously) couldn't be more clear, and it only underscores the fact that the reinvented BlackBerry never really had a chance in the smartphone game.
At least on the consumer front, BlackBerry is publicly willing to throw in the towel. Rather than compete directly with Apple's iPhone or an army of Android smartphones, BlackBerry said it will shift … Read more
BlackBerry said on Friday that it expects to lose $950 million to $995 million in the fiscal second quarter and announced a change in strategy amid continued struggles selling its new BlackBerry smartphones.
The company said it would shift its focus toward business and the "prosumer" market, a concession that its BlackBerry 10 smartphones can't compete in the brutal market for consumer smartphones. As part of the change, the company is reducing its smartphone portfolio from six devices to four: two high-end devices and two more-affordable models.
BlackBerry expects revenue of $1.6 billion, but the sales … Read more