BBRY looking to launch its Android into 8 year established field of Android vendors. Lets look at the numbers:
- Android [Samsung] = ~77% market share with ~7% profit share
- Android "others" = ~1% market share with ~1% profit share
- Apple = ~22% market share with ~ 92% profit share
Conclusion: Priv, Failed at concept will be demonstrated as failure at launch!
Brilliant strategy JC!
The remaining 8% belongs to Samsung. So Brokenberry is competing to take share from Samsung and other low profit phone companies!
French had similar face a speed bump about 120 years earlier!
$3.02B cash minus $1.32B debt divided by 529M shares = $3.21/share. Thats all its worth! 50% downside!
Patents, real estate trivial value!
"Cash and marketable securities generated $3,020 million as against $2,891 million at the end of fiscal 2015. Long-term debt in the quarter totaled $1,322 million compared with $1,707 million in the prior-year quarter." - ZACKS
When will Fairfax dump their interest in Brokenberry?
They sold 200,000 Passports, sales have been saturated in that market.
!0 million iPhones in 2 days compared to 0.8 million Brokenberrys in 90 day!!!
0.8M phone sold last quarter! MS called it!!!