BlackBerry CEO Clarifies Stand on Handset Biz
BlackBerry CEO John S. Chen today clarified comments he made about dropping the company's smartphone business. Speaking to Reuters on Wednesday, Chen said, "If I cannot make money on handsets, I will not be in the handset business." Chen insists this comment was taken out of context and that the resulting story, which suggested BlackBerry might soon sell its handset unit, is not accurate. "I want to assure you that I have no intention of selling off or abandoning this business any time soon. I know you still love your BlackBerry devices. I love them too and I know they created the foundation of this company. Our focus today is on finding a way to make this business profitable," said Chen in a post to the company's blog today. "We will do everything in our power to continue to rebuild this business and deliver devices with the iconic keyboard and other features that you have come to expect from this brand. Rest assured, we continue to fight. We have not given up and we are not leaving the Devices business." Sales of BlackBerry handsets have plunged in recent years amidst stiff competition. In the last several quarters older BlackBerry 7 devices have outsold newer BlackBerry 10 devices. BlackBerry has already inked a deal with Foxconn to design and manufacture low-cost smartphones.
BlackBerry CEO Says Smartphone Biz Is On a Timer
John S. Chen, CEO of BlackBerry, admitted that its recent handsets have not sold as well as he hoped.
BlackBerry All But Gives Up On Smartphones
BlackBerry CEO John S. Chen said the company plans to reduce the number of handsets it makes each year to one or two.
BlackBerry CEO Says 2016 May Be Last Year for Smartphones
BlackBerry CEO John S. Chen today said its smartphone business needs to generate a profit in 2016, "Otherwise, I have to think twice about what I do there." Chen's comments offer more insight into BlackBerry's frame of mind regarding smartphones.
BlackBerry to Keep John Chen As CEO Through 2023
BlackBerry today said it has extended its contract with CEO John S. Chen, who will serve as chief executive through November 2023.
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So much for that...