Is the end near for Blackberry?
POSTED: Monday, July 1, 2013 - 7:35am
UPDATED: Monday, July 1, 2013 - 7:41am
Is the end near for Blackberry? If you listen to analysts, the answer is yes. The company is struggling to stay relevant in the Smartphone wars.
Blackberry stock continues to sink.It dropped nearly four-percent in premarket trading today (Monday) after plunging nearly 30-percent Friday.
The losses come after the company shipped just 2-point-7 million new Blackberry 10 devices in its first quarter, far less than expected. Analysts say Blackberry should consider selling off some of its assets.
The company has an impressive 3-point-1 billion cash on hand. That portfolio could be attractive to a big rival like Microsoft, Apple or Samsung. Blackberry declined to comment for this story,
but CEO Thorsten Heins has repeatedly said that the company is constantly considering all of its strategic options.