Monday, September 29th14.4°C
22738
22768

BlackBerry not picked by Home Depot

Shares of BlackBerry (TSX:BB) dropped 4.5 per cent on Monday after retailer Home Depot confirmed that executives will receive Apple's iPhone to replace their old BlackBerry models.

The Waterloo, Ont.-based company lost 75 cents per share to close at $15.76 on the Toronto Stock Exchange.

A spokesman for Home Depot in the United States confirmed that nearly 10,000 executives, managers and other staff at its corporate offices will receive iPhones.

A representative for Home Depot Canada says the change will also apply to Canadian executives.

BlackBerry, which changed its name from Research In Motion, has been struggling to keep its smartphone user base in recent years against a growing number of competitors, which also include devices that use the Android operating system.

In January, the company debuted its new BlackBerry Z10 touch screen device, which was released onto the Canadian market last week. A keypad version of the device will arrive in April.

The U.S. release of the new BlackBerry phone is slated for sometime next month.

The Canadian Press


Read more Business News

23523


Recent Trending




Today's Market
S&P TSX14976.92-49.85
S&P CDNX912.76-6.66
DJIA17071.22-41.93
Nasdaq4505.853-6.341
S&P 5001977.80-5.05
CDN Dollar0.8969+0.0011
Gold1217.80-1.00
Oil92.81+0.03
Lumber334.30+5.40
Natural Gas4.138-0.016

 
Okanagan Companies
Pacific Safety0.135-0.02
Knighthawk0.01-0.005
QHR Technologies Inc1.23+0.01
Cantex0.09+0.03
Anavex Life Sciences0.185-0.01
Metalex Ventures0.0550.00
Russel Metals34.49-0.54
Copper Mountain Mining2.52+0.11
Colorado Resources0.150.00
ReliaBrand Inc0.020.00
Sunrise Resources Ltd0.065+0.045
Mission Ready Services0.34-0.02

 



23535

FEATURED Property
195161523 1925 Baron Road
3 bedrooms 1 baths
$59,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Power-save your way to a down payment

Part 2 of 2 to read Part 1, click here. 5. Dial down your vacations. New York is out. Maybe Buffalo. For West coast, maybe Seattle instead of Hawaii. Use sites like Airbnb (aribnb.ca) to find ch...


A wildly successful manufacturer

Niche food producer “Sweets from the Earth” thrives using innovation, uniqueness and an unwavering focus on quality. A neighbour’s stew turned Ilana Kadonoff off meat at the age of s...


Finding the smart money

Recently I had the privilege of working alongside André Voskuil, a local guru in the world of Alternative Financing. André has quite the reputation in the world of direct investments as ...

_








Member of BC Press Council


22786