BlackBerry to stop making phones
BlackBerry is shutting down its phone business after 14 years of making handsets.The company's devices were once the phone of choice for professionals, providing access to emails on the move, but BlackBerry has struggled to keep up with competition from rivals Apple and Samsung as mobile users increasingly opt for touchscreens.The Canadian company is now focusing on making software and will outsource the manufacture of hardware to other companies.
BlackBerry to stop making its smartphones in major strategic shift
Blackberry had built its reputation on innovative smartphone technology created at its base in Waterloo, Ont.( Mark Blinch / REUTERS )WATERLOO, ONT.—BlackBerry will stop making its signature smartphones, the company said Wednesday, after facing repeated calls to leave the hardware business that was once the basis of its reputation as a global technology leader.All hardware development and manufacturing will be outsourced to partners, which will license the BlackBerry's technology and brand, while the Canadian company concentrates on growing the software side of its business.
Focused on software, BlackBerry to stop making smartphones
Aleksandra Sagan, The Canadian PressWATERLOO, Ont.-- BlackBerry will stop making its signature smartphones, the company said Wednesday after facing repeated calls to leave the hardware business that was once the basis of its reputation as a global technology leader.All hardware development and manufacturing will be outsourced to partners, which will license the BlackBerry's technology and brand, while the Canadian company concentrates on growing the software side of its business.
BlackBerry to stop making phones, reports sharp drop in revenue
BlackBerry will stop manufacturing the hardware for its smartphones and instead outsource that to partners, the Waterloo-based company said on Wednesday as it reported another loss and sharp drop in revenue.Shares of BlackBerry gained more than five per cent on the TSX following the announcement.The net loss came to $372 million US, or 71 cents a share, on revenue of $334 million, as the company booked $147 million in charges from its reorganization.
BlackBerry to stop making its signature smartphones, work to be outsourced
WATERLOO, Ont.- BlackBerry will stop making its signature smartphones, the company said Wednesday after facing repeated calls to leave the hardware business that was once the basis of its reputation as a global technology leader.All hardware development and manufacturing will be outsourced to partners, which will license the BlackBerry's technology and brand, while the Canadian company concentrates on growing the software side of its business.
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