BlackBerry Ltd Making Progress In Its Turnaround

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BlackBerry Ltd Making Progress In Its Turnaround
jieyirain / Pixabay

BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) is making good progress in its turnaround. According to a report from RBC Capital Markets, published on May 5, 2014, things are looking much better at the Canadian firm, “with the restructuring achieved” a quarter earlier, and also hardware profitability now “seeming within reach”. Now, according to analysts Mark Sue, Paul Treiber and Ameet Prabhu, the focus of the company should be to stabilize the enterprise subscriber base.

Catalysts going forward

Many BlackBerry Ltd (NASDAQ:BBRY) (TSE:BB) loyalists are now buying the BB-10, but some are still considering other options. BlackBerry’s EZ Pass allows a user to freely upgrade BES10 from the earlier version, and “competing MDM vendors to stem attrition.” BlackBerry is expected to come out with BES 12 in November, which according to analysts, would be a good catalyst for users to upgrade from the older versions. However, analysts believe that the company’s service revenue, which declined 13%-15% quarter over quarter, may feel the pressure.

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