BlackBerry debuted its Z30 phone on Wednesday as its new flagship smartphone. There’s nothing wrong with you if you missed this. Because with all of the excitement over the new iPhone that was released Friday (you can get it in gold!), it was hard to think about the technological dinosaur that is BlackBerry.
And that Z30 may have a very short life span.
On Friday, BlackBerry briefly halted its shares before announcing its disastrous second-quarter revenue results. The company’s $1.6 billion quarterly haul came in well short of investors’ expectations of around $3 billion, according to CNBC. Over the quarter, the company shipped just 3.7 million phones while racking up a net operating loss of $995 million in the second quarter.
On top of that, confirming reports from The Wall Street Journal, BlackBerry announced a massive layoff of 4,500 employees out of a total of around 12,700. That’s around 35 percent of BlackBerry’s total staff. BlackBerry isn’t even done with the worst of Friday yet, as shares are down over 20 percent as of about 4 p.m.
At the end of August, BlackBerry director Bert Nordberg told WSJ that he thought the company could survive as a “niche company,” and that there wasn’t much sense in “battling” Apple or Google. With a newly announced plan to reduce operating expenditures by 50 percent by 2015, going small doesn’t even seem like much of a choice.
BlackBerry, once the unquestioned king of the Washington, D.C., smartphone market, has even had trouble surviving in Congress over the last year. But that doesn’t mean it’ll be too easy for members of Congress and Capitol Hill staffers to just trade in their BlackBerry phones for gold iPhones. Because there’s already a long wait list.
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"Christopher Steele, the former British intelligence officer who wrote the explosive dossier alleging ties between Donald Trump and Russia," says in a new book by The Guardian's Luke Harding that "Trump's land and hotel deals with Russians needed to be examined. ... Steele did not go into further detail, Harding said, but seemed to be referring to a 2008 home sale to the Russian oligarch Dmitry Rybolovlev. Richard Dearlove, who headed the UK foreign-intelligence unit MI6 between 1999 and 2004, said in April that Trump borrowed money from Russia for his business during the 2008 financial crisis."
"The British publicist who helped set up the fateful meeting between Donald Trump Jr. and a group of Russians at Trump Tower in June 2016 is ready to meet with Special Prosecutor Robert Mueller's office, according to several people familiar with the matter. Rob Goldstone has been living in Bangkok, Thailand, but has been communicating with Mueller's office through his lawyer, said a source close to Goldstone."
"Russian Ambassador Sergey Kislyak said on Wednesday that it would take him more than 20 minutes to name all of the Trump officials he's met with or spoken to on the phone. ... Kislyak made the remarks in a sprawling interview with Russia-1, a popular state-owned Russian television channel."