Soon after the new models of the BlackBerry 10 were launched, the company’s stock value declined, apparently because the investors were disappointed to know that the smartphone would not hit the U.S. markets until March.
The new BB10 phones will be available in the UK from today, and will reach the UAE and Canada markets in the next week. However, the U.S. market will receive the phones late, though pre-registration will go on.
According to different reports, the main reason behind the decline in the share value was the news of the phone hitting the U.S. market in March. According to The Globe and Mail, the shares decline by around 11.8 per cent to close at $13.86 in Toronto. According to The Wall Street Journal, BlackBerry chief executive Chief Executive Thorsten Heins said about the delay in reaching the U.S. markets:
“We met with about 100 carriers. Some of them were very supportive, because they knew it was something really different that they absolutely wanted. The U.S., with nationwide LTE, probably has the most rigorous testing cycles. So even to enter a lab you need to have already an entry lab certification, then you get certified at the lab. So this can lead to pretty long test cycles.”
Even though the company’s shares declined on the day of the launch of its signature product, it must not be related to the reviews or feedbacks of the BB10. The market dynamics are quite different than critical reviews and fan feedbacks of the product. According to analysts, BlackBerry can still gain stability in the stock market and even witness an increase in its share value in the days to come.
Photo: Reuters
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