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.
Samsung Electronics' Galaxy S III and Galaxy Note II were the top-rated smartphones in terms of customer satisfaction, beating out Apple's iPhone 5 and other recent iPhones, according to a new report from the American Customer Satisfaction Index.
The head of BlackBerry's PlayBook tablet division is leaving the company, and his departure comes less than a month after CEO Thorsten Heins announced that BlackBerry would not upgrade to the device to its latest software, effectively orphaning the gadget.
According to a forum posting on the blog CrackBerry, BlackBerry's forthcoming A10 flagship smartphone will sport a 5-inch 720p display, dual-core 1.7 GHz Qualcomm Snapdragon S4 Pro processor, an 8-megapixel rear camera and 2-megapxiel front-facing camera, NFC and a 2,800 mAh battery. Interestingly, the leaked details also show that the device will come in a version that is three millimeters thicker for Verizon Wireless.
BlackBerry investors are very unhappy with the company's performance in the U.S. market and are looking for answers as to how the company plans to overcome its current challenges. During the firm's annual investor conference, shareholders questioned CEO Thorsten Heins about its difficulty penetrating the U.S. market with its new BlackBerry 10 OS. According to reports, one investor even called the U.S. launch of BlackBerry 10 "a disaster."