Post Tagged with: "BB10"

BlackBerry CEO Denies Company is Exiting Handset Business

This week saw some confusion arise about the future of BlackBerry’s handset business after a Reuters story included a comment from CEO John Chen about the company possibly exiting the devices market. “If I cannot make money on handsets, I will not be in the handset business,” Chen told Reuters. Other media outlets jumped on [...]

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BlackBerry Revenue Down 64% as Smartphone Sales Continue to Decline

BlackBerry continues to face challenges as new CEO John Chen attempts to turn the struggling company around. The smartphone maker reported a loss of $423 million, or 80 cents per share, for its fiscal fourth quarter. Revenue for the quarter was just $976 million, down by 64% from the previous year, which marks the first [...]

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BlackBerry Posts $4.4 Billion Loss, Joins with Foxconn to Target Emerging Markets

Nobody thought BlackBerry’s financial report for its fiscal third quarter was going to be good news, but it’s even worse than expected. The smartphone maker announced today a huge $4.4 billion loss for the quarter, which manages to overshadow the previous quarter’s loss of $965 million. Revenue was down to $1.2 billion from $1.6 billion [...]

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BlackBerry’s New CEO Says Company will Stick Around for the Long-Haul

BlackBerry executive chair and interim CEO John S. Chen is taking up the reins of the struggling smartphone maker and, like many before him, faces the task of turning the company around. In a message posted to the company blog, Chen states his plan to rebuild BlackBerry and look to the future rather than dwelling [...]

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BlackBerry Publishes Open Letter to Reassure Customers

With so much uncertainty in its future, BlackBerry is taking special steps to calm the fears of customers. The smartphone maker has published an open letter in thirty newspapers across nine countries, as well as on the company’s website. BlackBerry also said the letter will be distributed directly to enterprise customers. The main point of [...]

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BlackBerry Reports $965 Million Loss in Q2

BlackBerry’s report for the second quarter of its fiscal year is out and it’s every bit as bad as expected. The company reported revenue of $1.6 billion, nearly a 50% decline from the previous quarter. Wall Street estimates had previously been around $3 billion in revenue, but were revised after BlackBerry gave a preliminary warning [...]

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BlackBerry Receives $4.7 Billion Offer from Fairfax Consortium

BlackBerry was hoping for a quick sale of the company and it may have found it in the form of a $4.7 billion offer from a consortium led by Fairfax Financial Holdings. Fairfax already owns a 10% stake in BlackBerry and is leading the deal to purchase all outstanding shares at $9 each. The other [...]

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BlackBerry Pulls Out All the Stops with New Z30 Smartphone

Even as BlackBerry stands on the verge of a possible sale, the company is forging ahead with the release of its latest smartphone, the BlackBerry Z30. The mobile device succeeds the Z10 as the company’s flagship phone and is reported to be the biggest and most powerful BlackBerry ever. Among the many features of the [...]

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BlackBerry May Establish BBM as a Separate Company

With so many problems facing BlackBerry, it’s no surprise that the company wants to focus on one of its few success stories: Blackberry Messenger. A report in the Wall Street Journal, which as usual cites unnamed sources familiar with the matter, states that BlackBerry is considering setting its messaging service up as a separate company [...]

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BlackBerry Q10 Coming to Sprint on August 30

The wait is almost over for Sprint customers who have been holding out for the BlackBerry Q10. Sprint announced that the QWERTY keyboard-equipped smartphone will go on sale this Friday, August 30, at a price of $199.99 with the standard two year contract. Although the Q10 has been available from AT&T, Verizon, and T-Mobile since [...]

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