After receiving repeated complaints from users, Canadian
) has momentarily removed the advanced 10.2.2 version of
) apps from its BlackBerry World store. However, new Twitter
users can choose to shift to the older version of Twitter 10.2.1,
till the problem is fixed.
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The new Twitter version, mainly designed for BB10-based devices,
was available on BlackBerry World store for a week. It offered
easy access to BBM features and provided photo preview option to
BlackBerry is considering the spin-off of its popular BBM service
from its handset business. The company already has more than 60
million dedicated BBM followers and is planning to expand its
reach. Thus, the company is continuously upgrading its BBM
features and has also made the service available to iOS and
Android-based handsets. BlackBerry has already gained more than
40 million iOS/Android users.
BlackBerry, which led the smartphone market earlier, has failed
to upgrade its operating platform. This has led to loss of market
) iOS and
) Android operating systems during the past few years, resulting
in substantial losses.
Despite launching its new operating platform BB10 coupled with
LTE-based high-end touch screen smartphones, the company has
failed to recoup its smartphone business. In the third quarter of
fiscal 2014, it sold nearly 4.3 million smartphones as compared
with 6.9 million smartphones in the prior-year quarter.
As a result, BlackBerry has decided to divest its entire stake to
a consortium headed by Toronto-based insurance company Fairfax
Financial Holdings Limited for $4.7 billion or $9 per share.
Since Fairfax already holds 10% of BlackBerry's stocks, the
buyout will lead to the latter's privatization. Both Fairfax and
BlackBerry have been offered a six-week due diligence period
before the transaction can be completed. During this period,
BlackBerry can explore better bids.
Currently, BlackBerry carries a Zacks Rank #3 (Hold).