BLEAK OUTLOOK: Sales of BlackBerry's make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts' expectations. — Reuters
TORONTO/NEW YORK: BlackBerry will likely face tough questions about its future at its annual meeting on Tuesday after dismal quarterly results last week triggered a 28% plunge in the Canadian smartphone maker's share price.
Sales of BlackBerry's make-or-break new line of smartphones in the quarter ended June 1 came in well below analysts' expectations and offered little evidence that the company can quickly win back market share from Apple Inc's iPhone, Samsung's Galaxy devices, and other phones powered by Google Inc's Android operating system.
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