By navigating our site, you agree to allow us to use cookies, in accordance with our Privacy Policy.

Blackberry washes hands from Smartphone Business eyes at Enterprise

Blackberry

The Canadian mobile company encouraged for its security provisions is now hasting to get rid-off its handset business. Notwithstanding as a new gossip,  last few fiscal quarters already marked this testimony as reports sought that the company merely sold 5 lakh phones globally in the first fiscal quarter  plunging from six lakh in the previous quarter – logging a $670 million loss which is its biggest loss in over two years.

“I really, really believe that we could make money out of our device business,” BlackBerry CEO John Chen told financial analysts during a conference call.

Last year, BlackBerry strived to compete the smartphone market with its Android-powered PRIV smartphone but it hardly made sound in the profit corridors.

The Telegraph recently reports that although much of the loss was down to restructuring charges, sales also fell to $400 million, down 39 per cent on a year earlier.

BlackBerry has said it will decide whether to stop making phones for good by September.

“The device business must be profitable, because we don’t want to run a business that drags onto the bottom line,” Chen said at BlackBerry’s annual meeting. “I don’t personally believe handsets will be the future of any company,” Chen added.

“Our software business continues to achieve scale and traction, resulting in robust growth and increasing market share,” Chen was quoted as saying in CNET report.

BlackBerry recently announced its partnership with HCL Infosystems to expand the channel and distribution network for BlackBerry enterprise software products and services in India.

“By working with an established partner like HCL Infosystems in India, we aim to create growth for our partners while giving our customers wider access to our leading suite of enterprise solutions with world-class support, helping organisations advance their mobility strategies,” said Richard McLeod, Vice President, Global Channels at BlackBerry, in a statement.

Tags

BiS Team

BIS Infotech is a vivid one stop online source protracting all the exclusive affairs of the Consumer and Business Technology. We have well accomplished on delivering expert views, reviews, and stories empowering millions with impartial and nonpareil opinions. Technology has become an inexorable part of our daily lifestyle and with BIS Infotech expertise, millions of intriguers everyday are finding for itself a crony hangout zone.

Related Articles

Upcoming Events