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Apple-Ibm Deal Dents Blackberry's Prospects, Slams Stock


Ron Burgundy
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A Canadian flag is pictured in front of a Blackberry sign in WaterlooBy Euan Rocha TORONTO (Reuters) - BlackBerry Ltd's shares took a beating on Wednesday after IBM Corp outlined plans to partner with Apple Inc to sell iPhones and iPads loaded with applications for business users. The Apple-IBM tie up, beginning this fall, is set to target the customer base that BlackBerry needs to woo as part of a turnaround under new Chief Executive Officer John Chen. "It is not a crushing blow at this early stage, but ‎it is a negative for BlackBerry," said IDC analyst John Jackson. "There can be little question that it is unwelcome, if not entirely unexpected news." BlackBerry's stock has been on a tear this year.




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