BlackBerry Reorganizes, Inks Foxconn Deal
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.
BlackBerry Finalizes Secusmart Acquisition
BlackBerry today said it has closed its acquisition of Secusmart, a security company based in Germany. Secusmart specializes in voice and data encryption.
BlackBerry to Kill Off Smartphone-Making Business
BlackBerry today said it will no longer make and sell its own smartphones. Instead, it will rely on original device manufacturers to design and make devices that will carry BlackBerry branding and software.
BlackBerry Cuts Priv's Price By $50
BlackBerry has given the Priv a price cut. The smartphone maker dropped the price of the phone from $699 to $649.
BlackBerry Loses Sales Exec
BlackBerry confirmed that Eric Johnson, the executive in charge of sales for business and government customers, has departed the company. BlackBerry's core business is providing device management software to exactly these types of customers.
this is getting old
There's a reason ...
I'm really getting tired of having my choices taken away from me. In the late 80's, there were at least a good...
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...