Monday 25 November 2013

BlackBerry’s declining fortune

 
INTERNET PUNCH 26 NOVEMBER 2013
For BlackBerry brand, this is definitely not the best of times.
Once upon a time, the BlackBerry smart phone was the device to ‘beat.’ From inception, the manufacturers, formerly known as Research in Motion, desired to fashion their device after an office assistant because it afforded users the benefit of sending and receiving emails on the go.
To the business man, it was like a mini office and to the young at heart, the device’s star attraction, the BlackBerry Messenger, ensured that they stayed in touch and chat with their friends and relatives on the platform for free.

So enormous was the power of the BB that it was once widely referred to as “CrackBerry’ in the US because of its addictive nature. By 2006, ‘Crackberry’ became so widespread that it made its way into the Webster’s New World College Dictionary as the ‘New Word of the Year’.
 Many Nigerians used to fall over one another in a scramble to outdo ‘competition’ by securing the highly priced models of the phone, the BoldTouch and later on-Porshe —  which was retailed for as much as N600,000.

So highly priced were some of its models then that the average Nigerian user opted for the ‘London-used’ models which typically sold for nearly half the price of the brand new.
Surprisingly, some users have refused to let go of their prized possessions, in spite of the competition.
Yet, today, BlackBerry is faced with an outstanding threat, especially coming from its biggest competitors – the IPhone and Android.

BlackBerry was once king, up until six years ago, when Apple released the first iPhone and upstaged RIM’s long-held strategy of appealing primarily to ‘email-addicted professionals’.
While the fight for its own fair share of the very competitive Smartphone market  actually began a few years back, the dwindling fortunes of the device,  which was once most popular in the Carribeans and Latin America, came to the fore with the recent decision to sell its unique BBM mobile social network to Android and iPhone.

Despite the introduction of its most recent models, Z30, Z10,Q10 and Q5, the company has been unable to relieve its once ‘glorious years.’ Just on Monday, a Toronto, Canada- based financial holdings company, the Fairfax conglomerate, agreed to acquire BlackBerry in a deal worth $4.7bn, both companies announced.

According to mashable.com, the conglomerate has agreed to pay $9 per share for the beleaguered mobile company — a premium of about 9 per cent.
After the acquisition plans fell through, BlackBerry changed strategies and its CEO. On Monday, it was announced that the COO, CMO and CFO had been replaced.

News of the takeover came barely two days after BlackBerry announced it was cutting 4,500 jobs — about 35 per cent  of its workforce — and taking a loss of nearly $1bn in its second quarter. At its peak in mid-2007, BlackBerry was worth more than $100bn. With this move, marketing experts say there may just be some cheering news in sight, that is, if the deal sails through successfully for both parties.

They say the origin of the company’s woes can be traced to the fact that it failed to anticipate and respond quickly to the threats posed by Android and the iPhone.
Interestingly,  the result of a study says some of the comments from three per cent of Blackberry users in Nigeria, on Twitter and Facebook,  have been somewhat sympathetic to the company’s dwindling fortunes.

A certain Emeka Okoye tweeted,  saying, “Nigerian BlackBerry users are very loyal to the brand but unfortunately it is now a burning platform. BBM’s value is only for the enterprise.”
Moneylabi, on the other hand, simply peeped at the future in a tweet which read, “The total death of BlackBerry phones will be when Nigerian network providers roll out a standard and favourable browsing plan for Android users.”

Lammrniyi also lent his voice to the issue, saying, “One of the major functions of the laptop in Nigeria is to charge BlackBerry phones. Nigeria has the most BlackBerry users in Africa and the fifth most in the world.”

An interesting related tweet, which did not go unnoticed was one by @secondcoming: “BlackBerry bold 3 #Warri now N9,000”.

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