BlackBerry Continues to Worry Analysts
Blackberry Limited, a smartphone developer, continues to face financial challenges despite the release of their new product – The Passport. Chief Executive John Chen said, “From a revenue standpoint, we might not be at the lowest point, but we are near the bottoming out.” The company lost $207 million USD in its latest quarter, but financial results topped analyst expectations in the second quarter and proved that the company is no longer in imminent danger. However, for the time being, the company has cut down costs and strengthened its balance…read more