Monday, July 6th14.3°C
26926
26015

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




Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq4970.12-39.09
S&P 5002065.79-10.99
CDN Dollar0.7907-0.0027
Gold1162.20-0.80
Oil55.24-2.37
Lumber288.50+0.40
Natural Gas2.748-0.074

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
2259931525 Still Pond Lane
4 bedrooms 4 baths
$609,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Increase property value

Photo: Thinkstock.comHere are five of the best renovations you can do to your home to increase property value. These five renovations can sometimes have a return on investment five to six times what t...


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...

_



26376




Member of BC Press Council


26916