Terrible Timing for BlackBerry Outages

Services down same day as iPhone 5 release

   
Terrible Timing for BlackBerry Outages

Research in Motion (NASDAQ:RIMM), the company behind BlackBerry, apologized to customers over Facebook (NASDAQ:FB) and Twitter for its latest interruption of service Friday, which worried investors took out on the stock.

The outages — which affected African, European and Middle Eastern regions — coincided rather unfortunately with the release of Apple‘s (NASDAQ:AAPL) iPhone 5. The incident was the second setback RIM faced in less than a week, following Yahoo‘s (NASDAQ:YHOO) announcement Saturday that employees will soon nix their BlackBerrys in favor of newer smartphones, including the new iPhone.

ABC News, however, quoted analyst Peter Misek as saying that the timing of the outages may be a blessing in disguise.

“This is bad publicity and it’s very unfortunate,” Misek said. “But frankly the attention is all going to be on Apple today, all the weekend and frankly until the end of the year.”

Friday’s outages also recalled a 2011 mishap that left BlackBerry users unable to access emails and chat for nearly three days.

By Friday mid-morning, RIM’s stock was down almost 5%.

Ryan Hauck, InvestorPlace


Article printed from InvestorPlace Media, http://investorplace.com/2012/09/terrible-timing-for-blackberry-outages/.

©2014 InvestorPlace Media, LLC

Comments are currently unavailable. Please check back soon.