|Day's Range||0.00 - 0.00|
|52 Week Range|
|PE Ratio (TTM)||13.75|
|Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
At first glance, Indian telecoms upstart Jio's bet on 'free' internet-enabled phones to win over poorer customers is a near-fatal blow for low-end handset makers, most already struggling with paper-thin margins on some of the world's cheapest devices. Reliance Industries, led by India's wealthiest man Mukesh Ambani, waded into India's cut-throat telecoms industry last year with its $30 billion bet on Jio, upending the sector with its cheap smartphones and data plans.
Many feel that they’ve missed the rally in BlackBerry Ltd (NASDAQ:BBRY). Coming into June, BBRY stock was already up more than 50%, trading north of $11 per share. Citron Research, generally known for its short-selling savviness, starting touting the bullish rhetoric.
LG Display plans to invest an additional $7 billion in one of its South Korean plants to churn out more smaller-size OLED panels used largely in premium smartphones, in a bid to challenge Samsung Display’s ...