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Blackberry To Stop Production Of BB Phones

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Blackberry To Stop Production Of BB Phones
« on: September 29, 2016, 04:55:29 PM »

This is the end of the Blackberry era as Blackberry is set to stop the production of BB Phones.

Blackberry has announced that they will stop productions of their Blackberry phones.
Blackberry will now fully concentrate on software including security applications.

CEO John Chen said in October 2015 that the company is prepared to exit the smartphone business, which has been on life support for years, if it cannot turn a profit in 2016.

and now, Blackberry announced within their Q2 Fiscal 2017results,
“Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia. Under this strategy, we are focusing on software development, including security and applications. The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital”


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