A Fool Looks Back

It was a week that belonged to the smaller smartphone makers. BlackBerry (NASDAQ: BBRY  ) and Nokia (NYSE: NOK  ) held events to update users on their latest developments.

Nokia naturally pushed new Lumia handsets. Is it a bad thing for Windows Phone that whenever Nokia puts out a new smartphone, the media gushes about the camera?

Over at BlackBerry Live, the smartphone pioneer introduced cheaper devices that will ideally help the company make headway in overseas markets, where wireless carriers don't heavily subsidize devices.

However, the most intriguing thing BlackBerry did was announce that it will open up BlackBerry Messenger and secure device management to iOS and Android devices. The move may seem like a concession to the two larger operating systems that control the vast majority of the smartphone market, but it's also a good way to make sure the BlackBerry brand remains relevant in mobile as it maps out its turnaround.

Briefly in the news
And now let's take a quick look at some of the other stories that shaped our week.

  • Dublin-based mobile marketer Velti (NASDAQOTH: VELTF  ) (NASDAQ: Z  ) posted a widening deficit and a sharper-than-expected drop in revenue. It also offered up soft guidance. So much for the luck of the Irish.
  • SodaStream (NASDAQ: SODA  ) hit a 52-week high after a well-received Analyst Day. The company behind the popular soft-drink maker established a goal of $150 million to $180 million in adjusted earnings on $1 billion in revenue for 2016. Let's hope the fizz doesn't go flat by then.
  • Tesla Motors (NASDAQ: TSLA  ) continued to rally to new highs despite moving to dilute shareholders with financing. Some investors are just too charged up to get upset with the leading player in electric cars.

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Read/Post Comments (4) | Recommend This Article (1)

Comments from our Foolish Readers

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  • Report this Comment On May 18, 2013, at 11:37 AM, k1moops wrote:

    With BB7 cannibalizing BB10 outselling it by 6 to 1, while overall Blackberry sales declined 35% quarter over quarter, Blackberry cannot look back, while the future is almost lost entirely. Apple has turned off the tap on innovations, refraining from releasing newer innovative products which would only be copied and cloned for no benefits to Apple. Yes, Apple suffers in selling less and thus, slower growths in market share and profits, but for the longer term Apple is killing the competitions which now can no longer feed off of Apple's innovations for free.

  • Report this Comment On May 19, 2013, at 2:26 AM, eldonw wrote:

    Bbry has 4 new phones coming out this year. Best in class BES 10 Enterprise for security. New OS called QNX that is in everything except the kitchen sink. For now. Only one month of sales of the new Z10 in only 2 countries. Less then half a month in a couple of more countries. As per the claim of 6 to 1 for BB7. Now the Q10 rolling out. Out selling the Z10 3 to 1 where it has been released. I'd say the future looking not too bad right now. Does it need to out sell Apple? Not even close. A couple of mill per quarter of the high margin phones will put it in the positive. All gravy after that.

  • Report this Comment On May 19, 2013, at 2:50 PM, CZZZZZZ wrote:

    re: The move may seem like a concession to the two larger operating systems

    Only an idiot would reach such a conclusion.

    BB is going to attract 10's of millions of new BBM users doing this and they can also leverage BES10 BBM features.

    This strengthens their enterprise lead, which is where they make piles of cash...not through hardware sales.

  • Report this Comment On May 19, 2013, at 5:07 PM, k1moops wrote:

    So the Q10 cannibalizes the Z10 by a factor of 3 to 1 as rumoured by someone, and the BB7 cannibalizes the Q10 by a factor of 2 to 1. This cannibalization is happening as the overall unit sales of Blackberry continues to drop in double digit quarterly declines. Q5, although not sold in North America, will greatly cannibalize the Q10. There is no sign in slowing down in quarterly overall units sales of Blackberry. Blackberry saw this severe downward trend and is actively abandoning the BB platform as it is starting to migrate its BES MDM and the BBM messager to iOS and Android. But BES is facing overwhelming competition from best selling companies such as Good Technologies, MobileIron, or Apple's own iOS and Samsung's own MDM, while BBM is already greatly outnumbered by competing messagers like WhatsApp and a host of others. Blackberry's BB10 has proven to be a loser as Android and iOS now run 92.7% of all the smartphones in the world while BB10 lags even competitions like the Windows Phone now solidly in third place.

    Blackberry continues to make bold empty claims such as tablets becoming irrelevant in 5 years, and Blackberry going to sell tens of millions of BB10 units (without any time frame). Blackberry has demonstrated that the company has not learned from its terribly wrong past mistakes, and is certain in becoming yet another business failure.

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