Blackberry will stop releasing new smartphones

One of the largest smartphones manufacturers has decided to stop the production of mobile phones with its own operating system. Blackberry admitted, that the OS technical characteristics are considerably less developed than the Android system. The latest Blackberry model was called Passport and was released in September 2014. The company is currently going through bad times, since only the production of new models may gradually increase its sales volume and the shares’ price, which for last year fell by 29%.

The negative news has strongly affected the value of Blackberry shares, which has decreased by 2.53%. Traders have a good opportunity to earn money on a further reduction. Trading will be available during the American session, from 13:40 to 20:00 GMT time.

The news is only for informational purposes and cannot be construed as an offer or indication of the commission of certain transactions in the financial and commodity markets.