Good Things for Blackberry Ltd (NASDAQ:BBRY) Somewhere In Indonesia

Boston, MA, 11/20/2013 (wallstreetpr) – Blackberry Ltd (NASDAQ:BBRY), now with $3.13 billion in market cap after steep fall from glory, has shelved plans for sell off and is now working on its rebound. The company is looking into the future with a new management unit in place and this is good news for BBRY enthusiast. The company is the pioneer smartphones manufacturer, yet it only ranks fourth in the smartphone market today. The going has been so hard that BBRY had to let go some of it engineers in employee layoff as efforts to keep the company afloat. Indeed, the company has shown a rare resilient since its woes began.

Attempts at BBRY rebound with introduction of Z10 and lately Z30 have fallen by the wayside, causing huge losses to the company in inventory write-off. Interestingly, there is a part of this world which is yet to disengage from BBRY and that place is Indonesia, one of the most populous countries in Asia. In Indonesia, BBRY holds the second position in terms of market share. And the amazing thing is that the potential of this market absorbing more smartphones is just too huge with present market share expected to gap up by no less than 10 before the year-end. This means that BBRY is still a force to recon with in the smartphone industry, or at least, the company cannot be written out just yet. Indonesia has about 4.5 million smartphone consumers. This market has witnessed a significant growth between March 2012 and 2013. With about 16% of the nation’s population having smartphones, the number is expected to hit 24% by the end of this year.

That Indonesia still ticks with BBRY may not be enough to plug the holes in the company’s books, however, it serves as a morale boost for the cornered Ontario, Waterloo-based phone maker. The company now has somewhere positive to start in its rebound efforts.

Please make sure to read and completely understand our disclaimer at FOR EDUCATIONAL AND INFORMATION PURPOSES ONLY; NOT INVESTMENT ADVICE. Any content posted on our website is for educational and informational purposes only and should NOT be construed as a securities-related offer or solicitation, or be relied upon as personalized investment advice. WallStreetPR strongly recommends you consult a licensed or registered professional before making any investment decision. Neither nor any of its owners or employees is registered as a securities broker-dealer, broker, investment advisor (IA), or IA representative with the U.S. Securities and Exchange Commission, any state securities regulatory authority, or any self-regulatory organization. WallStreetPR often gets compensated for advertisement services that are disclosed on our disclaimer located at

Recent Stories

SignUp Now For Our Featured Newsletter