Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Could This BlackBerry Ltd (BBRY) Smartphone Dent Google Inc (GOOG)’s Market Share?

Although BlackBerry Ltd (NASDAQ:BBRY) continues to navigate a rough patch, including talks of a sale, it has not slowed the company down in the slightest. Its latest release, the 9720 smartphone, may be one of the biggest surprises of the year. If things play out the right way, Google Inc (NASDAQ:GOOG) Android may find itself losing some market share to this new device.

Could this BlackBerry Ltd (NASDAQ:BBRY) Smartphone Dent Google Inc (NASDAQ:GOOG)’s Market Share?During the BlackBerry Q1 2014 conference call, CEO Thorsten Heins discussed the upcoming release of a new 7.1 device. While you may have forgotten about this, the time to revisit the smartphone has come.

The BlackBerry 9720 has been announced, and in the weeks to come it will be available in many markets including Latin America, EMEA, and Asia.

Carlos Chiarello, Executive Vice President for Products, had this to say:

“The BlackBerry 9720 smartphone gives you all the essentials of the BlackBerry smartphone experience to support a communications centric lifestyle. It has the best keyboard and functionality for BBM, as well as an updated BlackBerry 7 OS that adds many enhancements. It’s perfect for customers upgrading from a feature phone or entry-level Android or Windows Phone device, as well as existing BlackBerry smartphone customers, that want a richer experience and jump up in style and performance.’

A Win for BlackBerry Ltd (NASDAQ:BBRY)?

At this point, it is too early to tell if this is going to be the boost BlackBerry is looking for. That being said, Chiarello, as well as many others, are hoping the 9720 acts as a nice upgrade for those who are looking to move past an entry level Google Inc (NASDAQ:GOOG) Android device.

There are many reasons for the optimism surrounding this smartphone. For example, many are exited that the device is taking some styling cues from the Q5. And of course,  cost-efficient price point is something that will help it perform well in initial markets.

For the sake of BlackBerry Ltd (NASDAQ:BBRY), let’s hope this smartphone outperforms expectations. It may mean Google Inc (NASDAQ:GOOG) Android loses a bit of market share, but it will not likely be that much.

Despite the fact that BlackBerry Ltd (NASDAQ:BBRY) continues to go through ups and downs, unlike Google Inc (NASDAQ:GOOG), these hedge fund managers are staying heavily invested in the company: Andreas Halvorsen, Eric Bannasch, John Thaler, Douglas Dillard, and Prem Watsa.

To learn more about BlackBerry Enterprise Service 10, check out this brand new clip from the company:

Recommended Reading:

Apple a Possible BlackBerry Suitor?

DOWNLOAD FREE REPORT: Warren Buffett's Best Stock Picks

Let Warren Buffett, George Soros, Steve Cohen, and Daniel Loeb WORK FOR YOU.

If you want to beat the low cost index funds by 19 percentage points per year, look no further than our monthly newsletter.In this free report you can find an in-depth analysis of the performance of Warren Buffett's entire historical stock picks. We uncovered Warren Buffett's Best Stock Picks and a way to for Buffett to improve his returns by more than 4 percentage points per year.

Bonus Biotech Stock Pick: You can also find a detailed bonus biotech stock pick that we expect to return more than 50% within 12 months.
Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.