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Blackberry May Go Nokia Way

Blackberry has been losing its market share for pretty long and it is just a matter of time that it will go down the drain like Nokia which has been sold to Microsoft for peanuts. Have a look at Blackberry stock chart which shows its woes as it has indicated a loss of nearly $1 billion for the second quarter and slash 40% of its global workforce. This 40% translates into 4500 cuts.

It has to do something drastic where it has to devise some innovative phones at reasonable prices to lure the price conscious markets like India and China. BlackBerry made a stunning admission about the lack of demand for its new BlackBerry 10 upon which it has placed so much hope. Normally companies book revenue when they ship products to retailers but such type of a statement is a real eye opener as it has stated that it will instead wait to book revenue from those phones until they're sold to customers. It appears that Blackberry is expecting 80% (of shipped phones) to come back and they have also announced that they will concentrate only on 4 models instead of 6 models.  

We only wish that they perform something magical and save a good service as no doubt Blackberry is rendering a quality service at least from businessmen perspective. Technology definitely makes a difference and you can check out How Technology has helped us take our business to next level and you can take a cue from it.

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