BlackBerry Priv already sold out at Walmart, shares soar

The world's largest retailer Walmart started selling BlackBerry's Priv a couple of days ago, and a quick look at the retailer's website now reveals that the device is already out of stock. Its listed price on Walmart is $700.

A quick bit of Googling reveals that the Android-powered smartphone went out of stock at Walmart in less than a day.

Assuming that there wasn't an issue on Walmart's end and the retailer wasn't selling only a handful of units, this indicates a very high demand for the Priv, something which can attributed to the hype around the device as well the ongoing holiday season.

As a result the Canadian company's share price has been climbing rapidly this week (11% up to $8.15) reaching its highest level this year.

While these are no doubt silver linings for BlackBerry, it would be premature to say that the device has done the trick for the struggling Canadian company as official sales figures aren't yet in.

Source | Via