BlackBerry, based in Waterloo, Ontario, is one of Canada's most prized companies, but the Canadian government is not taking a position, publicly at least, on the firm's fate as BlackBerry considers various strategic options, including a possible sale. However, a key government minister indicated the government is watching what happens closely.
Morgan The numbers are in, and it's time to make sense of the data. ABI Research's Michael Morgan checks out the world's 14 largest branded cell phone makers in the second...
ABI Research's Michael Morgan checks out the world's 14 largest branded cell phone makers in the second quarter of 2013, providing sales data as well as insight into their strategy and competitive position in the market. For an in-depth look at how handset makers' fared in the second quarter, check out this special report.
BlackBerry is facing uncertain times, with the company conducting a strategic review that could result in the company's sale, among many other options. However, if there is one place in the world that remains decidedly pro-BlackBerry, it's in the Canadian company's home town of Waterloo, Ontario.
BlackBerry CEO Thorsten Heins could make as much as $55.6 million if the company is sold and he is ousted as the chief in any ownership change.
Lenovo sold more smartphones and tablets than PCs in the quarter and reported a strong profit that beat expectations. In addition, Lenovo CEO Yang Yuanqing said he thought organic growth was enough to keep the momentum going in the company's smartphone business, but he did not rule out acquisitions.
BlackBerry's announcement that it is looking at "strategic alternatives," including joint ventures, strategic partnerships or alliances or a sale of the company, prompted speculation about which companies might buy BlackBerry. The early consensus from financial analysts is that there aren't many obvious takers at this point.
BlackBerry's board said it has formed a special committee to explore "strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment." The possibilities for the company include joint ventures, strategic partnerships or alliances or a sale of BlackBerry, the company said.
BlackBerry's board is considering taking the company private, according to a Reuters report, which could give the company more breathing room to execute its turnaround without needing to please investors.
Research firm IDC found that Apple's share of the smartphone market decreased from 16.6 percent a year ago to 13.2 percent in the second quarter of this year, a decline the firm attributed to the fact that Apple hasn't released a new iPhone in close to a year.