BlackBerry to end internal hardware development after $372M Q2 net loss
BlackBerry has announced it will outsource all future hardware development to third party OEMs."The company plans to end all internal hardware development and will outsource that function to partners,' said BlackBerry CEO John Chen in a statement on Wednesday."This allows us to reduce capital requirements and enhance return on invested capital."BlackBerry made the announcement when it reported its Q2 2017 earnings.
BlackBerry to end internal hardware development, outsource function
The Canadian PressWATERLOO, Ont.-- BlackBerry says it plans to end all internal hardware development -- signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo, Ont.The hardware development work will be outsourced to BlackBerry's partners.
Blackberry to end internal hardware development, work to be outsourced
WATERLOO — BlackBerry says it plans to end all internal hardware development — signalling a strategic shift for a company that built its reputation on innovative smartphone technology created at its base in Waterloo.The hardware development work will be outsourced to BlackBerry's partners."We are reaching an inflection point with our strategy," BlackBerry chair and CEO John Chen said in a statement.
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