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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.
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.
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 and ...
Investors shrugged at a reasonably solid quarter from the enterprise software and services specialist. Here's what you need to know.
Blackberry (BB) on Friday delivered better-than-expected fourth-quarter earnings, which propelled the stock nearly 14% higher in Friday's trading session. While third-quarter’s release garnered ...
As an advocate for the power of basic science to improve and transform the world, [4] he co-founded Quantum Valley Investments in March 2013 with childhood friend and BlackBerry co-founder Douglas Fregin to provide financial and intellectual capital for the further development and commercialization of breakthroughs in quantum information ...
BlackBerry delivered a solid quarter with the help of record "technology solutions" segment sales. Here's what investors need to know.