iPhone 5S Sells Out While Blackberry Posts a $1 Billion Loss and Links

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What a contrast.

Apple’s hyped iPhone 5S sold out within 24 hours of being launched and won’t be available until October at the earliest. (Supply chain problems, anyone?)

Meanwhile Blackberry, the former smartphone heavyweight, posted a $1 billion loss and announced it will be cutting 40% of its global workforce.

Will Apple be able to avoid the similar fate?  Despite selling out the iPhone 5S many critics have been unimpressed with Apple’s ability to truly innovate the iPhone.  Perhaps that is natural as there is only so much you can do with a smartphone, but where will the next blockbuster product come from?

Don’t sit back on your previous success like Blackberry did. You need to constantly push forward with your finances. Here are some good reads to encourage you to do just that:


Enemy of Debt | What Do Long Distance Running and Getting Out of Debt Have In Common?
The Chicago Financial Planner | 5 Reasons to Consider a Solo 401(k)
Rewards Cards USA | The Importance of Reading Rewards Program Fine Print
Budgets Are Sexy | When to Quit a Side Hustle
Lifehacker | The Biggest Mental Roadblocks of Paying Debt (and How to Face Them)
Krant Cents | 4 Ways to Get Past the Resume Gatekeepers
Bloomberg | The Many Faces of Retirement: New Lives, Dashed Dreams, High Hopes
Good Financial Cents | Soldier of Finance Has Launched!
Jemstep | How Do You Keep Your Retirement Portfolio Diversified?

Free From Broke was featured in the following carnivals this week:

Carnival of Wealth, Vertu Edition | Control Your Cash: Making Money Make Sense
Carnival of Personal Finance #430 — Money Life and More

Published or updated October 27, 2013.

Comments

  1. Thanks for mentioning my post. My son was up at 7 on Friday to get his new i phone, its now clear to me what gets a college kid out of bed that early. While in line he got an email that his first class was cancelled, turns out the professor was there as well.

  2. I think Apple’s iPhone will eventually fall to all the Android phones out there. It is a repeat of Apple computers versus Windows PCs. Apple products may be better, but they cannot command the same market share. The iPad was definitely a good move on Apple’s part. iTV is probably necessary, but they are having trouble with that. Many DVD players along with smart-TVs are already in that space. It only takes an internet connection, a CPU, some RAM, and software to implement Netflix, Hulu, or Amazon TV.

  3. Thanks for the links, I am in good company.

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