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Is a Blackberry Upside in the Cards? An Old Classic May Hold the Key to Success

August 8, 2023
in Trade Tube
Reading Time: 1 min read
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If you want to see what a roller coaster looks like, check out Blackberry’s stock… it’s today’s Chart of the Day. Oh, how the mighty have fallen. The company that once held 50% marketshare in the smartphone market in 2009, has seen subscribership decline as it loses market share to Apple and Google products. Blackberry reports third quarter earnings before the bell today. It has made plays to introduce new products including a tie up with ez pass, and the passport. Goldman Sachs issued a note indicating it expects to see losses into 2016, but there is light at the end of the tunnel and a earnings upside could be on the horizon. With the re introduction of the classic blackberry this week and hopes of recapturing the business customer.

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