BlackBerry Ltd Market Share Stayed Near 0.5% Under Chen

7
BlackBerry Ltd Market Share Stayed Near 0.5% Under Chen
user1462590383 / Pixabay

Since Chen took over as the CEO, BlackBerry has almost been able to cling on to its global market share

BlackBerry’s market share was stable through 2014 at around 0.5% as CEO John Chen shifted the focus to business users and brought back keyboard-equipped devices. According to data from IDC on Tuesday, the company shipped 5.8 million handsets in 2014, a drop of 70% from the previous year.

Passport, Classic effect still not visible

Android and iOS are the leaders of the smartphone market, holding a combined 96% of the global market, according to reports from IDC. On the other hand, the market share for BlackBerry has slipped to 0.4% in the fourth quarter from 0.5% in the previous three months and in both the first and second quarter, according to IDC data.

Hedge Fund Launches Jump Despite Equity Market Declines

Last year was a bumper year for hedge fund launches. According to a Hedge Fund Research report released towards the end of March, 614 new funds hit the market in 2021. That was the highest number of launches since 2017, when a record 735 new hedge funds were rolled out to investors. What’s interesting about Read More

BlackBerry is working in collaboration with Samsung on mobile device management to diversify its revenue stream by selling software to businesses and governments. The company also launched two new phones toward the end of 2014.

The Waterloo, Ontario-based company began selling the Passport in late September, and it will take some more time for the two phones (Passport and Classic) to be reflected in the numbers for BlackBerry, according to Ramon Llamas, an IDC analyst. Llamas told Bloomberg, “AT&T here in the US just announced back in January that the Passport’s going to be here,” adding, “Let’s give these devices some time because this is a long race. It’s not a marathon.”

Dropping non-business BlackBerry users in the U.K.

The Canadian smartphone maker could have less than 1 million non-business users in the U.K. by the end of the year, which is a drop from the heights of approximately 8 million in June 2012. As per new research from eMarketer (via The Guardian), the popularity of the company is dwindling, suggesting there could be only around 700,000 non-business users in the U.K. and that by 2017, the figure could drop to 400,000.

Many factors can be responsible for the declining popularity of the Canadian firm in the region. BlackBerry was blamed for the London riots in summer 2011, and the company’s many flops, such as its PlayBook and Z10 touch-screen smartphone, contributed to the decline.

Updated on

Aman is MBA (Finance) with an experience on both Marketing and Finance side. He has worked as a Risk Analyst for AIR Worldwide, and is currently leading VeRa FinServ, a Financial Research firm. Favorite pastimes include watching science fiction movies, reviewing tech gadgets, playing PC games and cricket. - Email him at amanjain@wordpress-785388-2679526.cloudwaysapps.com
Previous article SIM Card Maker Says NSA, GCHQ May Have Hacked It
Next article Royce Premier Fund: Reviewing 2014 And Positioning For 2015

No posts to display

7 COMMENTS

  1. HBB I am surprised that Chen is able to hold his hand wide enough to hold that Phone, in the picture above. HBB phone sales dropping by 70% within one years is alarming I would think.

  2. z10 was not a flop from a device perspective. Only the idiots of the world expected it to do anything other than to give a real effective device to those who want the standard touch screen ratio devices without keyboards. My 16 year old daughter carriers one around with her iPhone in case it breaks. She also prefers to text on it and wishes it had the standard SnapChat and Instagram apps so she could use it more. That is saying alot about the device. She has broken 2 iPhones in 2 years so even she understands the limitations.

  3. Notice I am correct that BlackBerry’s market share is dropping at a alarming rate? Blackberry continues to show absolutely no interest in how this can be fixed.

Comments are closed.