BlackBerry Q5 goes on sale amidst uncertainty
TORONTO—The BlackBerry’s latest smartphone running the new operating system went on sale in Canada today, amid speculation about the company’s future and a further bump in its share price.
BlackBerry shares traded as high as $12.59 this morning, the highest since late June when the stock lost more than one-quarter of its value in one day after the company issued a disappointing quarterly report.
BlackBerry stock closed at $12.26 yesterday, after rising about 10 percent. The shares are still down from June 26, when they closed at $15.05 before BlackBerry reported an unexpected loss and missed analyst estimates on revenue.
The BlackBerry Q5, a followup to the original Q10 keyboard model and the Z10 touch-screen model were introduced earlier this year, has been on sale in other countries but not in Canada.
The Q5 phone was originally targeted at Europe, the Middle East, Africa, Asia and Latin America, but the company recently decided to add Canada to the list.
BlackBerry also announced today it plans another device running its old operating system—for Asia, Europe, the Middle East, Africa and Latin America.