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View Full Version : BlackBerry’s Black Friday: Company sheds billions in market value as comeback hopes f



Wireless News
06-28-2013, 02:20 PM
All of the optimistic signs we’ve seen from BlackBerry over the past few months all but went up in smoke on Friday after it issued a disappointing earnings report that sent shares tumbling more than 25%, stripping billions from the company’s market value. The $84 million net loss on the quarter was certainly bad enough but the number that should truly scare BlackBerry executives was the 4 million subscribers it lost despite the fact that it had just launched new devices for the first time in over a year. To make matters worse, the 4 million lost subscribers cannot be dismissed as a fluke because it’s become a trend that has only accelerated over the past three quarters. To put

More... (http://news.yahoo.com/blackberry-black-friday-company-sheds-billions-market-value-174534778.html)