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Tuesday
Jul092013

BlackBerry appealing for patience from investors as it ushers in second stage of comeback

"We are still in the midst of a major, complex transition of this company, and like most of these transformations ... progress can be volatile," BlackBerry's CEO Thorsten Heins told his shareholders during today's BlackBerry annual meeting.

The Waterloo, ON based company is entering the second stage of its comeback after launching three devices and a whole new operating system that's better suited to compete against Apple's iPhone and various Android handsets in the market today.

Heins also hinted at new products coming down the pipeline to help return the company to profitability. There has been pent up demand for the new BlackBerry devices and while the QWERTY-keyboard outfitted Q10 was just recently launched, it will take time to gauge whether BlackBerry is on the road to long term recovery.

BlackBerry is also pushing out its Messenger service to rival operating systems from Apple and Google's Android in the hopes that it can capture some market share from users of these devices.


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