BlackBerry records fall in profit and revenue

BlackBerry records fall in profit and revenueCanadian phone maker, BlackBerry has said that it has recorded a fall in its profit and revenue during the fourth quarter of the year but also said that business will turnaround.

Chief executive John Chen said, "I am obviously extremely pleased with the Q4 results because it put us on the track and, if not, slightly ahead. I'm very pleased with the fact that the company's now back in execution mode."

Blackberry's Q4 losses lower than market expectations

BlackberryWashington, March 29 : Blackberry's fourth quarter results show that the company has reportedly incurred loss smaller than what analysts had predicted.

While Blackberry's shares plummeted by 6.63 percent in pre-market trading, the company's revenue dropped to 2.7 billion dollars from 3.2 billion dollars, taking a toll on the company's cash position.

According to Tech Crunch, Blackberry saw revenue drop from 64 percent from 2013 levels to 976 million dollars and this 423 million dollars loss is chump change compared to the 4.4-billion dollars loss reported during the previous quarter.

T-Mobile, Blackberry spat escalates over iPhone offer to BB users

T-Mobile-BlackberryWashington, Feb 21 : T-Mobile and Blackberry are reportedly embroiled in a war of words with the former accusing the latter of being anti-choice.

The verbal duel triggered off after T-Mobile emailed some of its BlackBerry users offering them a discount on a new iPhone, but many of the loyal customers weren't amused by the company's iPhone promotion and took to Twitter and other social media platforms to express their displeasure.

BlackBerry rolls out BBM 2.0 for Android, iPhone

BlackBerry rolls out BBM 2.0 for Android, iPhoneBlackBerry has just announced the release of an updated version of its popular messenger service BBM for Android and iOS that brings a number of notable new features.

The new BBM (version 2.0) brings features like integrated Dropbox for BlackBerry, iOS as well as Android-based devices.

Android Gingerbread devices to get BBM in February

Android Gingerbread devices to get BBM in FebruaryBBM, BlackBerry's widely acclaimed messaging app, will soon be available on lower-end Android smartphones running Gingerbread (version 2.3.3+), a top BlackBerry executive has announced.

Jeff Gadway, head of product & market branding at BlackBerry, wrote on the company's official blog that BBM would be made available on Gingerbread devices in February this year.

Announcing the potential availability of the messaging app on Gingerbread devices, Gadway wrote, "BBM will soon also be available on Android Devices running Gingerbread (v2.3.3+)."

BlackBerry to soon roll out Messenger on Gingerbread Android

BlackBerryWashington, Jan 29 : BlackBerry is reportedly set to roll out its popular messaging service, BBM, on Android phones running Gingerbread OS.

BBM on Gingerbread Android phone would allow the sinking smartphone manufacturer to fully compete in developing countries where the messaging service is already an established brand but current smartphones are still running the older OS.

According to TechCrunch, Engadget study points that despite being generations old, Android 2.1. x Gingerbread still powers 21 percent of Android phones, most of which are located in emerging markets.

BlackBerry shares soar 10pc after Pentagon orders 80,000 handsets

BlackBerry shares soar 10pc after Pentagon orders 80,000 handsetsWashington, Jan 22 : BlackBerry's shares have soared 10 percent since Pentagon announced that it will install 80,000 handsets on its network by the end of January 2014.

According to TechCrunch, the new BlackBerry phones are part of the Pentagon's new mobile programme for unclassified work.

According to the report, the Pentagon's order will gives the company the sort of credibility it needs to retain corporate clients and keep investors interested in its future.

BlackBerry’s future smartphones to feature physical keyboards

BlackBerry’s future smartphones to feature physical keyboardsBlackBerry's future offerings will mostly come equipped with the company's hallmark physical keyboards, the struggling smarphone maker's interim chief executive officer John Chen said.

Waterloo, Canada-based BlackBerry, which was previously known as RIM, was once the world's top smartphone seller; but it lost most of its global market share to rivals like Samsung and Apple over the past few years. While BlackBerry's smartphones featured physical keyboards, consumers showed their preference for touchscreen phones.

Blackberry hires ex-Sony Ericsson executive to head devices business

BlackBerryWashington, Jan 7 : Blackberry has hired former Sony Ericsson executive Ron Louks to head the sinking smartphone company's devices and emerging solutions business.

Louks will hopefully bring a much-needed boost in salesmanship to the division of Blackberry that has lost a number of customers to rivals like Apple and Google.

According to the Verge, Blackberry's new CEO John Chen said that most of Louks' time would be spent with customers, carriers, and partners.

Alicia Keys dropped from 'struggling' BlackBerry as global creative director

Alicia-Keys-BlackBerryWashington, Jan 3 : Singer-actress Alicia Keys has reportedly parted ways from BlackBerry as its global creative director, as the smartphone maker continues struggling for survival in the market dominated by Apple and Samsung.

Keys is expected to leave from her position in the company on January 30.

According to Cnet, Keys didn't have any perceptible influence on BlackBerry's product or marketing offerings and reportedly appeared at a few events and participated in the launch of a scholarship program designed to attract more young women to science and technology.

BlackBerry pulls latest Twitter app update

BlackBerry pulls latest Twitter app updateWashington, Dec. 29 : BlackBerry has pulled the latest update to the Twitter app for BlackBerry 10.

The struggling company said Twitter version 10.2.2 has been removed from BlackBerry World due to user reported issues.

It added that the company would actively investigate and provide an update here when Twitter 10.2.2 has been reposted.

According to CNET, version 10.2.2 of the app, which was just released on December 17, brought several enhancements, including BBM connectivity, timeline photo previews, and improved search and reply functions.

BlackBerry cancels annual Live Conference to focus on targeted events

BlackBerryWashington, Dec. 24  : BlackBerry has reportedly called off its major annual conference as it intends to focus on smaller and more targeted events throughout 2014.

It is the first times since 2002 that the BlackBerry Live Conference has been cancelled as the company is struggling hard against tech leaders like Apple and Samsung to hold its market share.

BlackBerry reports third-quarter net loss of $4.4 billion

BlackBerry reports third-quarter net loss of $4.4 billionCanadian smartphone maker, BlackBerry has recorded a record third-quarter net loss of $4.4 billion, or $8.37 a share.

The company had recorded a net income of $9 million or two cents a share. The company said that excluding the inventory write downs and impairment charges, the total loss was at $354 million or 67 cents a share. Total revenues of the firm fell to $1.19 billion from $2.73 billion as its sales fell further in the global smartphone market.

BlackBerry restructures top positions in company

BlackBerryWashington, Nov. 26  : BlackBerry has reportedly announced changes to the top positions in the company, now led by CEO John Chen, in a bid to revive it from the losses.

Some of the key changes to BlackBerry's c-suite include ouster Chief Operating Officer Kristian Tear and Chief Marketing Officer Frank Boulben and the appointment of James Yersh as CFO, replacing Brian Bidulka.

BlackBerry scraps plans for stake sale

BlackBerry scraps plans for stake saleCanadian mobile phone maker, BlackBerry has said that it has cancelled plans to sell the company to its largest shareholder.

The company also announced that its chief executive would step down as it adopts a new strategy to revive business. The company is aiming to raise $1 billion from institutions and is bringing in a new leader to revive business. BlackBerry said its chief executive, Thorsten Heins, will step down after the rescue deal is finalised. The new executive chairman, John Chen, will act as chief executive until a replacement is found.

BlackBerry abandons acquisition deal with Fairfax even as CEO steps down

Thorsten HeinsWashington, Nov. 5 : BlackBerry has reportedly abandoned its acquisition deal with Canada's Fairfax Financial for 4.7 billion dollars that sent the sinking smartphone manufacturer's shares down by 17 percent, lowest since

BlackBerry failed to strike a deal with the Canadian investor Prem Watsa's company, as it struggled to line up financing.

According to Fox News, the mobile phone maker's sinking fortune appears to indicate towards its last days in the market where it reined for years, before losing ground to competitors like Apple and Google.

BlackBerry introduces new smartphone priced at Rs.39,990

blackberry-z30New Delhi, Oct 24 : BlackBerry Thursday introduced a new smartphone called Z30 in India priced at Rs. 39,990. The all-touch device is targeted at the urban youth and will be available for sale in Indian markets early next week.

"The new BlackBerry Z30 smartphone offers a unique and engaging user experience with features like the powerful BlackBerry Hub, its exceptional touchscreen keyboard and industry leading browser,” Sunil Lalvani, managing director for India at BlackBerry, said at a media conference here.

Investor accuses BlackBerry of issuing misleading statements

Investor accuses BlackBerry of issuing misleading statementsA shareholder of beleaguered smartphone maker BlackBerry has filed a lawsuit against the company and its executives, accusing them of misleading investors by issuing false statements about the company’s health and prospects.

Fairfax Financial to acquire BlackBerry for $4.7 billion

Fairfax Financial to acquire BlackBerry for $4.7 billionCanada based firm, Fairfax Financial has agreed to pay about $4.7 billion for smartphone maker, BlackBerry that was once a dominating force in the market.

Fairfax Financial already owns 10 per cent of the company and will now expand its stake in the troubled firm. Fairfax Financial has reportedly joined a group of other buyers to acquire BlackBerry shares at $9 per unit and take the company private by removing it from the public listing on Nasdaq.

The shares of the company have fallen from a high of $148 in June 2008 to around $8 a share at present.

BlackBerry Messenger app delayed for iOS and Android

BlackBerry Messenger app delayed for iOS and AndroidThere are indications that the launch of BlackBerry Messenger app for both Android and iOS is likely to be delayed.

The app allows users to send and receive text messages to other BlackBerry Messenger users without paying text-messaging fees. BlackBerry Messenger has remained a popular platform for BlackBerry users ever since it was launched by the company on its devices. Even as BlackBerry devices are facing a decline, the BlackBerry Messenger has remained a popular choice of users around the world.

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