An Analysis of Blackberry Phones in the Market

940 Words2 Pages

The biggest boom in the millennium had to be the internet. Since the start, there has been countless number of companies and products have been developed with the use of the internet in every way imaginable. The Blackberry was the pioneer of Smart phones that allowed users to access the internet wherever they were located. They could access applications that were useful in maintaining everyday activities such as E-Mail and Face book. Technology has evolved over the years. It was first the pager that was a crucial device, then the PDA and lastly the Smartphone. The core product is the main idea of why a phone or Blackberry will be bought and its technology, connectivity and mere ownership of the device gives the owner the feeling of superiority. People cannot fathom existing without their cell phones these days. The ability to connect in case of an emergency, tardiness, chatting with friends and other similar situations is an important point. Everyone wants to “keep up with the Joneses” by having the latest devices. The Blackberry is infamous for its QWERTY keyboard and the trackball/touch pad. It has a quality that cannot be compared with the iPhone. Everyone around the world is familiar with the Blackberry name and can immediately identify it. The Blackberry was once solely used for business but because of its success has become a known brand worldwide and used for personal use as well. 1984-1998 (Question Marks): When RIM started, it used funds raise by successful venture through capital funding. In the late 1980’s, it use Five Million in Canadian Dollars. This money helped it pay off its debt to other companies that they has contracts with, by the start of 1990 the company was having sales of more than a million dollars. ... ... middle of paper ... ...ain and grow smart phone market share, Blackberry need its product strategies to control the next generation of their consumer target market. This will strengthen their enterprise market. It’s sad to say the founder CEO’s paved the way for a new CEO quite late. The reasoning behind this accusation is that the company had already lost-majority of its once devoted customers. Steps should have been put in place to handle such a loss before it occurred. The executive team should have had strategies put in place to handle the stock loss once they saw it declining. Being engulfed in a competitive market could be an overwhelming and challenging experienced for any company. The compatibility of Blackberry did not match the standards of other competitive operating systems. Even the acquisition of QNX could not help Blackberry tap in the lucrative market to stay afloat.

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