Story updated at 3:50 p.m. to reflect market activity.
The appstore will bring about 240,000 more apps to BlackBerry 10 devices, including Netflix (NFLX), Minecraft, and Pinterest which are not available in BlackBerry World. BlackBerry and Amazon will work with current BlackBerry developers to move their apps over to the Amazon Appstore before the release of BlackBerry 10.3.
"Making the Amazon Appstore available on BlackBerry 10 devices will help BlackBerry continue to meet two essential needs: greater app availability for our smartphone users and enhanced productivity solutions for enterprises," BlackBerry CEO John Chen said in a press release.
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TheStreet Ratings team rates BLACKBERRY LTD as a Sell with a ratings score of D. TheStreet Ratings Team has this to say about their recommendation:
"We rate BLACKBERRY LTD (BBRY) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its feeble growth in its earnings per share, deteriorating net income, disappointing return on equity, weak operating cash flow and generally disappointing historical performance in the stock itself."