Snapchat is currently in talks with investors over a round of funding that could value the company at a mind-blowing $10 billion, according to sources for Bloomberg. That’s a little over half the $19 billion Facebook paid for WhatsApp, but double the $5 billion market cap currently held by BlackBerry.
Although BlackBerry hasn’t been a serious competitor to the iPhone in years, the UK phone trade-in website “Cash for phones comparison” has published some pretty damning statistics, showing just how massive the gulf is between the two “competitors.”
Only 8 percent of customers who traded in an old BlackBerry phone claimed any kind of loyalty to the brand, while an overwhelming majority of 66 percent decided to switch to an iPhone. However, it seems that these people weren’t looking so much to get a new iPhone as they were to get any iPhone — since 42.1 percent of respondees decided to ditch their trustworthy BlackBerry for an iPhone 4: a phone which was introduced all the way back in 2010.
BlackBerry has announced that it will not renew the T-Mobile (U.S.) license to sell its products when it expires on April 25 — ending a decade-plus relationship between the two companies.
“BlackBerry has had a positive relationship with T-Mobile for many years. Regretfully, at this time, our strategies are not complementary and we must act in the best interest of our BlackBerry customers,” said BlackBerry CEO John Chen in a statement.