No matter what happens in the future, BlackBerry as a company has turned around. The company managed to extend its life by cranking out a new BB10 OS, and new devices. The once dominant smartphone maker went through a brutal few years of losses in both the marketplace and stock market. While Apple and Android were growing, RIM (now BlackBerry) was tanking.
Last last year BlackBerry's stock started to gain momentum with some analysts predicting the new BB10 would save the company. That momentum pushed the company's stock price up to $18 in January, but since then, the price has slid down.
Seeking Alpha has an interesting article on what is happening to BlackBerry.
Do you agree? I don't. It's too soon to tell how BlackBerry will fair in the smartphone market. BlackBerry has definitely experienced a turnaround, but they will need to bring much better phones to the market if they stand a chance of regaining significant marketshare. Six months from now their stock price can be in a totally different position than it is today depending on what they do. Stay tuned.
Last last year BlackBerry's stock started to gain momentum with some analysts predicting the new BB10 would save the company. That momentum pushed the company's stock price up to $18 in January, but since then, the price has slid down.
Seeking Alpha has an interesting article on what is happening to BlackBerry.
BlackBerry's stock hasn't regained the momentum that drove its share price past $18 in January. What is the reason behind this? BlackBerry's upward momentum was a result of hype rather than producing a superior product.
Do you agree? I don't. It's too soon to tell how BlackBerry will fair in the smartphone market. BlackBerry has definitely experienced a turnaround, but they will need to bring much better phones to the market if they stand a chance of regaining significant marketshare. Six months from now their stock price can be in a totally different position than it is today depending on what they do. Stay tuned.