BlackBerry Shares Down 23% Since BB10 Launch

Posted by Techvibes NewsDesk

Yesterday, BlackBerry unveiled its next-gen mobile computing platform, BB10. The company's stock dropped immediately after the event, then continued to sink throughout the trading day, and plunged even lower during after hours trading. A lot of BlackBerry's strong January gains were erased in just a couple of hours.

The worst does not appear to be over. BlackBerry shares ended today down 6%.

Despite cautious optimism from analysts, investors are fleeing. The stock is down more than 20% since Thorsten Heins took the stage in New York yesterday morning.

BlackBerry's flagship device, the Z10, launches in Canada next Tuesday, February 5. The all-touch smartphone will be available from virtually every carrier. Rogers, Telus, and Bell will sell the Z10 for $149 on a three-year contract. (Check out the tech specs here.)

Waterloo, Ontario, Canada

Research In Motion (RIM), a global leader in wireless innovation, revolutionized the mobile industry with the introduction of the BlackBerry® solution in 1999. BlackBerry products and services are used by millions of customers around the world to stay connected to the people and content that matter most throughout their day. The BlackBerry product line includes the BlackBerry® PlayBook™ tablet, the award-winning... more

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Techvibes NewsDesk

Techvibes NewsDesk

Techvibes is Canada's leading technology media property. Originally founded in 2002, Techvibes is dedicated to covering social, mobile, and startup news that impacts Canadians. Our editors and nationwide network of reporters combine breaking hyperlocal news with international coverage to deliver a unique balance of insight and information. The Techvibes Newsdesk covers a broad beat and... more

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