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BlackBerry Planning to Release Two New Mid-Range Android Smartphones This Year

After launching its high-end Android smartphone Priv, BlackBerry is said to be targeting the mid-range segment this year.

In an interview, firm CEO John Chen said that company will be releasing two new mid-range Android smartphones this year.

One will sport a physical keyboard and is likely to be the BlackBerry Venice, previously reported on Forbes, while the other will be a full touchscreen device.

BlackBerry Limited (NASDAQ:BBRY) traded at $7.06 by improved 1.15% with volume of 4.32 Million shares that was striking than its average volume of 6356.29 shares. Talking about revenues measures, firm has operation margin of -3.70% in the following twelve months with total profit margin of positive 2.50%. The Company displayed a positive 2.50% in the net profit margin and besides its operating margin which remained -3.70%, company's annual sales growth for the past five year was -25.90%.

Recommendation trends from street professionals showed stock rated at "Strong Buy" by 8 analysts, "Hold" security by 8 analysts and 1 out of analysts pool rated "Underperform." The Wall Street consent average estimates for most recent quarter revenue are 59.51B under pool of 3 analysts, while 3 experts predict $59.51B revenues for the next three months of 2016.