29°c A few clouds
15°c Cloudy periods
The Canadian Press - ONLINE EDITION
BlackBerry shares continue downward slide, one day after new phones debut
Arun Kumar, a senior product manager for BlackBerry, shows off the new BlackBerry 10 during the global launch of the new Blackberry 10 smartphones in Toronto on Wednesday, January 30, 2013. THE CANADIAN PRESS/Nathan Denette
Related Items
-
Articles
TORONTO - Shares in BlackBerry closed lower on Thursday, one day after the smartphone pioneer debuted new product offerings to generally positive reviews.
While the stock (TSX:RIM) finished down almost seven per cent to $12.92, it had been down 12 per cent earlier in the day.
The drop continues a loss in share value that began earlier this week ahead of the unveiling of the new BlackBerry Z10 and BlackBerry Q10.
The Z10, a touchscreen model, will be available in Canadian stores next Tuesday, but not in the U.S. until March.
Analysts have noted the later release date for the U.S. market is exerting downward pressure on the stock.
"The delay that was announced was certainly a disappointment and that you can see reflected in the stock price," said Jennifer Dowty, portfolio manager at Manulife Asset Management.
"We don't even have a definitive date (for the U.S. launch)."
The decline Monday and Tuesday was put down to profit-taking since BlackBerry shares had run up 50 per cent in January alone as of last Friday.
The BlackBerry Q10, which will have the physical keyboard beloved by the so-called CrackBerry crowd, will not be released until April.
BlackBerry is the new corporate name of the company formerly known as Research In Motion.
More FP News Top Story
- Back to Top
- Return to FP News Top Story
More FP News Top Story
(1 of 50 articles for this year)
Harper assailed for cutting Elections Canada budget despite vote problems
05/1/2013 5:40 PM 0
Poll
Most Popular FP News Top Story
- Pakistani model's tattooed nude photo in Indian magazine causes uproar
- Dates set for recreational food fishery in Newfoundland and Labrador
- PM Harper, Justin Trudeau shoot blanks in first parliamentary duel
- Newest adaptation of classic 'Star Wars' film will feature characters speaking Navajo language
- Anti-prostitution laws targeted at Pickton inquiry, not failed police probe
- Canadian submarine HMCS Windsor slowly lowered into Halifax harbour
- Stop those Nazi salutes at Quebec student protests: B'nai Brith
- Retired Toronto teacher, husband found slain in their Florida home
- American-US Airways merger could jeopardize major hub airports, as mega airline consolidates
- EU Commission sees excessive economic imbalances in Spain and Slovenia, warns France
- Harper government has no plans to sell Via Rail: Transport spokesman
- Dates set for recreational food fishery in Newfoundland and Labrador
- American-US Airways merger could jeopardize major hub airports, as mega airline consolidates
- Pakistani model's tattooed nude photo in Indian magazine causes uproar
- CGI establishes Ottawa centre focused on cyber security for businesses
- US couple flees house infested with garter snakes, describe living in a 'horror movie'
- Canadian submarine HMCS Windsor slowly lowered into Halifax harbour
- Afghan army gives donated rifles back to Canada in favour of U.S. weapons
- PM Harper, Justin Trudeau shoot blanks in first parliamentary duel
- Israeli archaeologists discover ancient clay seal in Jerusalem, suggest link to Temple ritual
- Dates set for recreational food fishery in Newfoundland and Labrador
- Pakistani model's tattooed nude photo in Indian magazine causes uproar
- Harper government has no plans to sell Via Rail: Transport spokesman
- Israeli archaeologists discover ancient clay seal in Jerusalem, suggest link to Temple ritual
- Unidentified victims of Bangladesh collapse buried as more graves are readied; toll now 420
- Pressure grows to improve human rights for transgender people in Newfoundland
- Police: Boston Marathon bomb suspect fired shots from boat, hospitalized in serious condition
- In unusual pattern, Oklahoma tornado tracked path of 1999 monster twister with record winds
- Ten years after 9-11, Canada-U.S. relationship has both trouble spots and bright spots
- US couple flees house infested with garter snakes, describe living in a 'horror movie'
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
Have Your Say
Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?
Login SubscribeHave Your Say
Comments are open to Winnipeg Free Press Subscribers only. why?
SubscribeThe Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.