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BlackBerry Reorganizes, Inks Foxconn Deal

Dec 20, 2013, 8:08 AM by Eric M. Zeman
updated Dec 20, 2013, 8:28 AM

BlackBerry today announced a number of changes in how it will operate moving forward. It plans to transition its internal structure to four business segments: enterprise services, messaging, QNX embedded, and devices. BlackBerry believes this change will help it focus better on each individual business unit. The company said it has struck a five-year deal with Foxconn, a hardware manufacturer, to help it develop low-cost smartphones for emerging markets. It expects to announce the first such devices early next year. It will be a 3G smartphone that runs BB10. BlackBerry also plans to reveal new automotive cloud services, based on its QNX platform, in January. BlackBerry noted that its BBM messaging service has been downloaded and installed on more than 40 million Android and iOS devices since it became available earlier this year. The company generated revenue of $1.2 billion for the quarter, but saw smartphone sales drop significantly from 3.7 million in the previous quarter to 1.9 million in the current quarter. The company posted a loss of $4.4 billion, much of which it attributed to write-downs of unsold phone inventory.

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AdersonCell

Dec 26, 2013, 11:13 AM

this is getting old

When will Blackberry give up? I mean Im all for a RUDY story now and again but this is getting ridiculous!! NO ONE WANTS YOUR PHONES!! And really NEXT year they will offer a 3G phone...WOW! How dumb is that?

Yama Gama

Uh, people who don't understand the reason why someone would prefer a blackberry to some other device, won't ever understand, because most likely, they don't have the attention span to continue reading to the end of this sentence.

There's a reason ...
(continues)

T Bone

Yeah, because a world where your only choice is between Google and Apple is totally the kind of world I want to live in....ummm....yeah.

I'm really getting tired of having my choices taken away from me. In the late 80's, there were at least a good...
(continues)

HawkeyeOC

AdersonCell said:
When will Blackberry give up?

Public companies can't simply do that just because you think they should 🙄

Why doesn't Kmart give up? or Sears? Or McDonalds because they don't pay $15 an ho...
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