BlackBerry verified that three senior executive officials were removed from the company. A report on Wednesday said BlackBerry told CBS that the company is in the "second phase of our transformation plan," while confirming the removal of three executives from the firm.

BlackBerry began testing its BlackBerry Messenger services on Android and iOS devices. BlackberryOS. com reported that iPhone and Android users could already use the services of BlackBerry Messenger.

Financial analyst said that BlackBerry's operations and intangibles would present a strong margin of safety for investors.

According to a Google research, Canada's smartphone market increased. Canadians have been bitten by the smartphone bug, according to Google's latest report on smartphone ownership in the country.

Sunil Lalvani, BlackBerry India's managing director said that the company was not in any kind of trouble.

BlackBerry could turn things around if the company's restructuring, product improvement and marketing strategy would succeed.

Analysts said that BlackBerry would not lose its corporate professional customers if it would focus on a healthy mix of everything and not just on its security features.

Macquarie Group's analyst, Kevin Smithen, said that BlackBerry lost the capability to boost its sales due to small customer base.

According to Forbes' Ewan Spence, BlackBerry's Q5 did not have enough style to steal away the users of Apple and Samsung.

Analysts suggested that BlackBerry would be able to attain its former glory if it would go back to the enterprise market.