Linked by Thom Holwerda on Fri 20th Sep 2013 23:29 UTC
PDAs, Cellphones, Wireless

So, BlackBerry has just announced it's exciting the consumer market, focussing on the enterprise instead. Worse yet, it's cutting 4500 jobs, half its workforce, which is a statistic for us, but a disaster for those involved.

The company sold just 3.7 million smartphones in the second quarter, most of which ran the older BlackBerry 7 operating system instead of the new BlackBerry 10. This means the Z10 and Q10 have been unmitigated flops. Hardly surprising though - even random people such as myself knew BB10 was going to be a hard, if not impossible, sell.

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RE: Comment by stabbyjones
by phoenix on Mon 23rd Sep 2013 19:57 UTC in reply to "Comment by stabbyjones"
phoenix
Member since:
2005-07-11

Fairfax just signed a Letter of Intent to buy Blackberry for $4.7 billion (guessing CDN). If nobody else shows up to buy them in the nest 6 weeks, Blackberry will become a private company. What happens after that is anyone's guess.

https://www.google.ca/search?q=fairfax+buys+blackberry&num=50

Reply Parent Score: 2

RE[2]: Comment by stabbyjones
by ferrels on Mon 23rd Sep 2013 20:07 in reply to "RE: Comment by stabbyjones"
ferrels Member since:
2006-08-15

Well, BB doesn't have any products that anyone wants to buy so this implies that it's an IP buyout. Not surprised about it either.

Reply Parent Score: 2