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BlackBerry lost its market dominance to Google's Android technology in 2010, when the operating system of the machine, BlackBerry OS, had not been updated since March 2002. [11] At the end of 2011, Balsillie was the third largest shareholder of the company, holding 5.1% of the outstanding shares. [6]
The 87% drop in BlackBerry's stock price between 2010 and 2013 was primarily attributed to the performance of the iPhone handset. [31] The first three iPhone models generally lagged behind the BlackBerry in sales, as RIM had major advantages in carrier and enterprise support; however, Apple continued gaining market share.
Mihal "Mike" Lazaridis (born March 14, 1961) is a Greek Canadian businessman, investor in quantum computing technologies, and co-founder of Research In Motion, which created and manufactured the BlackBerry wireless handheld device.
In June 2008, BlackBerry (NYSE: BB)-- then known as Research in Motion -- saw its stock hit a record high of $147.55 as its market cap hit $83.3 billion. It was the world's top smartphone maker ...
Investors shrugged at a reasonably solid quarter from the enterprise software and services specialist. Here's what you need to know.
BlackBerry shares are up 185% since the turn of the year, as what appears to be the latest with a large short position in the throes of hyper-speculative buying.
Fregin sold all his stock in Research In Motion around the same time Apple released the first iPhone. [ 14 ] In response to strategic changes at BlackBerry, Fregin and Lazaridis established Quantum Valley Investments , a venture fund , in March 2013.
BlackBerry Ltd (NASDAQ: BB) Over the last year, BlackBerry has been through several spikes and selloffs. Currently, the stock is recovering from a light selloff at the beginning of June. At press