Skip to main content

BlackBerry Misses Third Quarter Sales Expectations, Shares Tank

It looks like BlackBerry's much hoped for comeback is not materializing.
  • Author:
  • Publish date:

It looks like BlackBerry's much hoped for comeback is not materializing. The smartphone maker's sales unexpectedly tanked in the latest quarter. BlackBerry did deliver on the bottom line: profit came in at a penny a share when it was widely expected to report a loss. Sales, however, dropped to $793 million, much worse than expectations. Half of the smartphone users in the U.S. used BlackBerry in 2009, but its popularity has been on a one-way decline since then, even among its core customers, the business users. BlackBerry launched the Classic Wednesday, but it's unclear whether it can rival the iPhone and other smartphones.

TheStreet Recommends