Market Overview

BlackBerry Bouncing Higher On Amazon Appstore Deal


Shares of BlackBerry (NASDAQ: BBRY) are ticking higher Wednesday following the announcement that BlackBerry is expected to have access to Amazon’s (NASDAQ: AMZN) Appstore.

As reported by The Wall Street Journal, BlackBerry is expected to officially announce the deal Wednesday.

There are currently only 130,000 apps on BlackBerry’s app store versus 240,000 on Amazon’s, greatly expanding access. One of the biggest complaints that BlackBerry customers have is limited access to apps. The Amazon Appstore will be preloaded on the devices, according to The Wall Street Journal.

Related: Is BlackBerry Poised To Beat Earnings Estimates?

This announcement comes at an interesting time. Amazon is expected to release its own smartphone Wednesday and BlackBerry is expected to report quarterly results Thursday.

Shares of BlackBerry are up 4.6 percent in pre-market trading to $8.42 on low volume. Amazon has also seen a lift Wednesday morning, but that may be in anticipation for the hardware release rather than the BlackBerry announcement.

Posted-In: AppstoreNews Wall Street Journal Contracts Hot Media


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