Nevada News Reporter

BlackBerry shares plunge off earnings

BlackBerry shares plunge off earnings

While smartphone consumers line up at Apple stores across the world for the next iPhone, former smartphone king BlackBerry is watching its stock price take a tumble following its second quarter results. BlackBerry. Shares of the smartphone maker dipped 2.3% in pre-market trading after missing on both second quarter revenue and earnings. BlackBerry reported revenue of $491 million, well short of the $610 million forecast by analysts. The company also reported a loss of 13 cents a share. BlackBerry confirmed it will launch the Priv, which will run on the Android operating system.The BlackBerry logo is pictured at the BlackBerry campus in Waterloo

Apple. The iPhone 6S and 6S Plus are in stores Friday, prompting customers in 12 countries to brave lines in hopes of snagging the latest model. Piper Jaffray analyst Gene Munster predicts Apple will sell 12 to 13 million during its opening weekend.

Box. Shares of the cloud storage surged nearly 5% after Canaccord upgraded the company’s stock to “buy”. The brokerage firm cites the introduction of new features to make the service more appealing to consumers.

Google. The company’s Android operating system faces antitrust questions as officials explore whether they stifled competitors, reports Bloomberg. According to the report, Google is accused of giving priority to its own services on Android and restricting others.

Samsung. The electronics giant is pairing with Oculus on consumer version of its Gear VR platform. It will launch this fall for $99. It’s compatible with the Galaxy Note 5 and multiple S6 models.


January 2018
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