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BlackBerry maker plans a breakup

BlackBerry is now planning to break itself into two, after some time of declining profits, having recorded a loss. They are planning to sell their handsets manufacturing division, because it is really doing badly and then try and find a separate buyer for its messaging network, which is its real asset.

The share price is down from $148 Canadian in 2008 to $10 last week and so if you had invested in BlackBerry, you could by now have lost more than 90% of your money. Four years ago BlackBerry has accounted for more than half of all smart phone sales, but now they only have 10% of the market. RIM (Research In Motion), the BlackBerry owner, could also make a lot of money by opening its secure network up to rivals such as Apple and Google and allowing them to use it as well.

Posted by Michael de Broglio on Monday 09-Jul-12 Share on Facebook   Tweet It

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Comments

monyatsi   said:
on Tuesday 24-Jul-12 04:45 PM
i don,t feel bad too because blackberry doesn,t makes a plan break up

molefi  said:
on Tuesday 24-Jul-12 04:41 PM
i don,t feel bad for blackberry

Brenda  said:
on Wednesday 11-Jul-12 02:59 PM
I have no interest in BB anymore, my next phone will definitely be Android touch screen!

Genevieve  said:
on Tuesday 10-Jul-12 05:28 PM
I enjoyed my first Blackberry phone so much that I upgraded to another Blackberry model. If I knew then what I know now, I would have taken another "brand". I agree, it is really sad for Blackberry though. And I hope that this will ensure a better network etc.

Robyn  said:
on Tuesday 10-Jul-12 04:45 PM
I don't have a phone so..

dune  said:
on Tuesday 10-Jul-12 09:46 AM
I am still a blackberry supporter, best thing ever, especially for long distance relationships!

sally  said:
on Tuesday 10-Jul-12 09:31 AM
I feel bad for Blackberry but i must say that i am still enjoying my Blackberry

Julie  said:
on Tuesday 10-Jul-12 08:41 AM
Well, not feeling so bad that I still don't have a BB then - what is the next best thing lately? Maybe I'm not that bad off still using an older model after all. When is technology ever good enough?

cherise  said:
on Monday 09-Jul-12 06:25 PM
I must say that I am still a supporter of blackberry but am not shocked to hear the news. They have not been doing well at all lately.

Angelique  said:
on Monday 09-Jul-12 05:58 PM
This is not suprising to hear! Blackberry was so successful though in the beginning and now its just going downhill. I cant tell you how many times my line goes down or RIM!

Daniela  said:
on Monday 09-Jul-12 05:49 PM
I feel a little bad for BlackBerry and I most certainly enjoyed using the phone, but I will never leave Android, ever.

So glad I didn't invest with them.

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Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
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