All About Smartphones: BlackBerry Could Lose $2.6 Billion In 1 Year and Go Extinct

Monday, October 7, 2013

BlackBerry Could Lose $2.6 Billion In 1 Year and Go Extinct

Things have been going really rough for BlackBerry since the start of 2013, in fact we can say since the entrance of Apple and Google into the smartphone business. But things aren't as bad as they are now. The company is losing not just customers but also losing money, employees and faith from its fans.

Recently, a report from AllThingsD states that BlackBerry may lose up to $2.6 Billion if the rate a which they lose customers is anything to come by. Presently, the company have laid off more than 4500 of its workforce. To make matters worse, some directors are even suing the managers for given false projections and hopes regarding the success of BlackBerry 10.

Presently, Fairfax financial is planning to buy the company's shares for $9 eac.  However, its possible that the deal may not go through his completely as the value of these shares may drop further. This places BlackBerry in a really tight corner, a corner so tight, in the next couple of years, when it losses all its has and  bought by other companies and torn to bits, the name BlackBerry may go down in history. Perhaps, only BlackBerry Messenger may survive.

friends, the fate of BlackBerry is almost certain to be of a sad end, one that will see the name BlackBerry dissolve into history just like its former name Research In Motion had gone.

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