Case Analysis Of Blackberry

As a consumer of electronics, I want the newest technology, the sleekest design, and an easy to use interface. What I don’t want is a device that outdated, bulky and still has buttons for a keyboard. When I was 16 and looking for my first cell phone, the BlackBerry phones were so popular because you could go on the internet and check your Myspace. You were considered cool if you could use the BlackBerry messaging application or BBM. It was one of the first phones in its class to adapt a full size keyboard into its design and because of Blackberry, the rest of the market followed.
2014 was a rough year for BlackBerry. Their stock prices were at a low, almost half of what the stock price was the previous year. Their designs were becoming outdated due to the popularity and sleekness that came with the iPhone. On top of that, the BlackBerry app store was limited to what the Google Play Store (Android) and the App Store (Apple) had to offer.
BlackBerry realized that their inventory was not selling as quickly as they anticipated. The longer their inventory stayed in their holding facility, the more their financial statements suffered. This not

In this case, market is lower, therefore, BlackBerry should write off their inventory. As suggested in the FASB Update: No. 2015-11, the definition of market should be taken lightly as there can be several condition for different markets 330-10-35-7).
When it comes to inventories, there are many significant difference between reporting standards. US GAAP allows companies to use the LIFO, FIFO or weighted average cost method (ASC 330-10-30-9). IFRS prohibits the use of using the LIFO cost method. This is because using LIFO will increase the COGS therefore decreasing your net profit which, ultimately, reduces the amount of tax a company pays. You can, however, use the FIFO or weighted average cost method (IAS 2