BlackBerry's story in the mobile domain has been a long and strenuous one, but unlike many other industry mammoths, the Canadian tech giant has managed to sustain growth by coping with the changes in modern age. After an elongated period of steady decline now it seems that the company's plans to get into the growth track and recover itself from the losses have started show the desire result. As per the Q3 financial results there is a 13 percent rise in stocks and overall losses have also declined.
They released the BlackBerry Priv as their latest Android smartphone, and it looks like it has far more demand by the consumers than it was expected. A month later after it was released to the public, the sales record gathered by them shows that it is approaching a positive side. Owing to its high demand and popularity among smartphone buyers big outlets, Walmart, CNN Money, and Best Buy had to refill their shelves.
iDigitalTimes also said before that the BlackBerry Priv has been sold out during the first week of its Nov. 6 release date. It was so in demand that retailers had to take backorder on the Priv and even online giant Amazon.com ran out of stock during that time. According to the reports of CNN Money, the company's stock has also seen 7 percent increment (on 10th December), pushing the share price to $8.05 USD due to the huge demand of the Priv model.