BlackBerry: The Rise And Fall Of An Innovator

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June 28, 2013 - Stocks Plunge After Disappointing Sales

BlackBerry's stock plunged more than 25 percent after it reported its first-quarter fiscal 2014 results to the tune of $84 million in loses after the company only shipped 2.7 million new BlackBerry phones, despite the BlackBerry 10 rollout earlier in the year.

CEO Thorsten Heins tried to play the loss off as an investment in innovation and product rollout, but BlackBerry remained firmly behind Apple, Google and Microsoft in market share.

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