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The future still looks bleak for Blackberry, the latest quarterly results do little to ease negative sentiment around the troubled mobile tech firm. Saxo bank Head of Equity Strategy Peter Garnry analyses the company's position and prospects while advising to sell; with results leaving a sour taste.
However the Q4 results do offer some positive glimpses of a possible return to form for one of the world's best known mobile brands.
Q4 Highlights:
The company's share price now hovers around the nine USD mark; down around forty percent over the last year. On the upside, the stock has shown improved stability since the company was privatised; therefore insulating it, to a large extent, from market volatility. However, most investors will not like seeing that revenue has been consistently weak.
A recently announced deal with Taiwanese factory giant Foxconn could offer improved distribution and efficiency for Blackberry. Cheaper manufacturing is expected to lead to an increase in device shipments. Also, Ford recently announced it had chosen Blackberry as the provider of software for its 'connected cars'. A reminder that Blackberry’s secure software retains an impressive reputation, even as the firm itself has fallen well behind competitors, like Apple and Samsung, in the handset market.
01:52 minutes
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