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BlackBerry shares jump after large order

Shares in BlackBerry jumped yesterday after a partner ordered one million BlackBerry 10 smartphones, which the company described as the largest single purchase order in its history.

Reuters reported shipments of the order were set set to begin immediately, though BlackBerry is yet to disclose the partner or what devices were ordered.

BlackBerry rebranded from its previous moniker of Research in Motion at the glamorous launch of the BlackBerry 10 device in January. The BB Z10 is already on sale in over 20 countries, while the Q10 will be released in April.

Shares in the company had already risen 10 per cent earlier in the week on the back of speculation of a buyout by Chinese manufacturer Lenovo. Lenovo chief executive officer (CEO) Yang Yuanqing said a buyout of the ailing smartphone maker “could possibly make sense”.

BlackBerry will report its fourth-quarter results on March 28.

Posted in: Mobile

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