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Is BlackBerry Doomed?

It's been quite the ride for BlackBerry (NASDAQ: BBRY  ) shareholders over the last several months. Having watched its share price spike and then recede, it appears the Canadian smartphone maker's impressive recovery may have hit a snag or two. Of course this should come as no surprise to longtime observers of the tech space because, like it or not, the company remains on the outside of the global smartphone market. And worse yet, there are increasing signs that this could be the norm rather than the exception. In this video, Fool contributor Andrew Tonner discusses the most recent problems at BlackBerry.

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  • Report this Comment On July 19, 2013, at 4:54 AM, MPF94025 wrote:

    The author may be correct in that more painful days are ahead for BBRY. The post is also glaringly short on the broader smartphone market.

    Both Samsung and HTC announced a few weeks ago that earnings this quarter would disappoint. AT&T today mailed out a notice to subscribers "Get $200 Off a New Samsung Tablet + Office 365, free!) Apple is offering "back to school" discounts ahead of other smartphone manufacturers. iOS7 could blow the doors off other products, or could be a big yawn. Reuters today reported that Window's Surface tablet sales continue to struggle.

    Struggle seems to be the order of the day for all smartphone manufacturers.

    BBRY has the most to lose, as well as the most to gain, depending on the rate the BB10 OS matures, as it is the newest smartphone OS and therefore the one with the most potential upside. While the company was asleep at the wheel raking in profits from RIMM devices and services, it is the only OS (and ultimately the owner of the OS is really the one in control, eg Apple, Google, and MS) that has taken a leap.

    Rome wasn't built in a day, nor did it last forever. The iOS and Android are improving, but not in a revolutionary way, hence stagnation in device sales for both product lines. Time will tell whether the BBRY leadership team can execute and mature the BB10 OS, deploy BES10, convince corporations and businesses that their BYOD server solution offers best in class usability and security, etc.

    Though much work remains ahead, linking the fate of the company to Z10 or Q10 sales is superficial, and the company has many loyal followers who are willing, to a degree, to be patient.

  • Report this Comment On July 19, 2013, at 11:11 AM, melegross wrote:

    No matter how you slice it, Blackberry's results are poor. Heins had spoken of tremendous pent up demand for BB10 devices, but it never materialized. There is no pent up demand. In fact, there is an increasing yawn over it. Such a yawn that they announced they were making another BB7 phone for late this year.

    While supporters of Blackberry like to talk about giving the more time, they are running out of it. Sales were half of last year's, same quarter, and 11% down from the quarter before.

  • Report this Comment On July 19, 2013, at 11:28 AM, MPF94025 wrote:

    Heins has clearly had communication issues that in retrospect have made all of us more cautious regarding taking them at face value. Regarding pent up demand, there is no doubt we all see many more legacy RIMM devices than BB10 OS devices. Heins was a) incorrect that every RIMM user would run out and buy a BB10 device, essentially because the old devices got the job done and users have been happy with them for 3 years or they would have switched earlier b) there are growing pains with the BB10 OS software that BBRY is working aggressively to address: iOS and Android on the other hand are not exactly rocking the world with new capabilities, hence both either reporting that earnings will be short of expectations (Samsung) or we're seeing early back to school discounts (Apple).

    The BB7 phone is a low cost device in places where it has appeal in emerging countries.

    The response by the BBRY community and BBRY corporation to the June 28th quarterly report and subsequent AGM has been dramatic. The firm responsible for the limp advertising campaign was fired over a month ago, and multiple individuals who oversaw divisions that performed poorly are now gone, just in the last few weeks.

    As a concurrent Z10 and iPhone 5 user, I use the iPhone only for its apps at this point, which are terrific and wonderful time savers. The Z10 is a superior communication device whether one considers phone, email, or other messaging.

    Most of those who post comments about BBRY's future are rehashing blurbs posted on the net, rather than speaking from personal experience using the devices for any extended period.

    We will see if BBRY can mature the BB10 OS quickly enough, but anyone thinking that the company is going quietly into the night might benefit from looking past the superficial reports that are too often posted.

  • Report this Comment On July 20, 2013, at 12:51 PM, checkup13 wrote:

    I agree. Kevin O'Leary commented recently that BBRY would be successful with 5% of the market (like BMW). It has $6.00/share in cash, great patents and it can be a very solid company for many years to come.

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