End near for Blackberry? - ABC 33/40 - Birmingham News, Weather, Sports

End near for Blackberry?

Posted: Updated:

Is the end near for Blackberry? 

Some analysts are leaning towards "yes."  The company is struggling to stay relevant in the smartphone wars.

Blackberry stock continues to sink.  It fell below $10 a share in morning trading Monday after plunging nearly 30% Friday.  The company shipped just 2.7 million new blackberry 10 devices in its first quarter, which was far less than expected.

Analysts said Blackberry should consider selling off some of its assets.   The company has $3.1 billion cash on hand.   That portfolio could be attractive to a big rival like Microsoft, Apple or Samsung.

Blackberry declined to comment, but CEO Thorsten Heins has repeatedly said that the company is constantly considering all of its strategic options.

Most Popular
Stories
Videos
loading...