BlackBerry's stock had its worst day in over a decade after disappointing first-quarter results. The Blackberry 10, which debuted in January, was not a huge hit among consumers. After shipping just 2.7-million new BlackBerry 10 devices in the quarter, few suspected that the company would hit rock bottom. Motley Fool analyst Eric Bleeker discusses Blackberry's loss, what went wrong with the Blackberry 10, and whether the stock is a value play or a value trap.
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The article BlackBerry's Horrible Day originally appeared on Fool.com.Chris Hill has no position in any stocks mentioned. Eric Bleeker, CFA has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.