Today’s report included a huge miss in shipments of BlackBerry 10 devices — which are supposed to be the company’s key product to once again make it competitive with Apple’s iPhone and Google’s Android devices.
Blackberry shipped 6.8 million smartphones last quarter, including about 2.7 million BlackBerry 10 models. That’s a huge miss from analyst estimates, which had projected shipments of 7.5 million, with about 3.6 million BB10 units.
When Heins — an exceptionally tall CEO with a thick accent — took over, the stock traded at around $15.52. It lost some value during his tenure, but Heins was able to assuage concerns for the most part during his first year on the job.
Now, BlackBerry is worth around $5.5 billion, compared with more than $9 billion when Heins first took over in January last year amid one of the largest turnarounds in technology.
- More than 700 refugees and migrants are feared dead following three shipwrecks in the Mediterranean Sea.
- Dozens were arrested at a Trump rally in San Diego as protesters clashed with supporters. Trump thanked police for "handling the thugs."
- The World Health Organization has dismissed calls to postpone or cancel this summer's Olympic Games in Rio de Janeiro because of the Zika virus.