BlackBerry Shares Drop As Home Depot Says Ditching Phone
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BlackBerry shares fell 4.6 percent in New York trading after Home Depot Inc. said it will stop issuing the Canadian company’s phones to its corporate employees and managers.
The home-improvement chain will swap out 10,000 BlackBerry models with Apple Inc.’s iPhones, said Stephen Holmes, a spokesman for Atlanta-based Home Depot. The change won’t affect the 60,000 mobile devices used by store employees, he said.