Can the Priv save Blackberry? We'll know on Friday.
We'll know for sure on Friday but the Street is not overly optimistic about Blackberry's upcoming financial report. The Priv won't have much impact on the numbers but it will provide guidance about how well (or not) it has sold so far and whether it can have any meaningful impact on Blackberry's attempt to save itself.
The reality is that, notwithstanding some of the immensely optimistic posts here about 2 day stock swings, etc., Blackberry's stock is down 28% for the year. Their total revenue on Friday is expected to come in at $485MM vs. almost $800MM one year ago, which is a very substantial decline of nearly 40% if the estimates are right. I hope they are wrong and that the Priv boosts revenue beyond expectations.
Hoping the Priv is selling well (it really is their last hope) and can provide some stability for Blackberry and we get indications of good sales. However, the financial reality of Blackberry is pretty different than some of the discussions taking place here, with some enthusiasm not necessary attached to Blackberry's financial reality.
Can Priv Revive Upcoming BlackBerry (NASDAQ:BBRY) Earnings