BlackBerry's CEO said the company will no longer release four phones per year. Instead, he said, the company plans to release only one or two high-end phones per year in order to save costs and focus more on enterprise software and services.
BlackBerry is cutting more jobs as the company moves to regain profitability under CEO John Chen, though it's unclear how many workers the smartphone and security software company is shedding.
How did the wireless industry perform in the second quarter of 2015? In this earnings summary, we list results from the wireless industry's carriers, handset makers, equipment suppliers and others.
CTIA said that a group of wireless carriers and smartphone makers had implemented a set of voluntary principles aimed at stopping smartphone theft. The announcement came just as a California law requiring smartphones sold in the state to have a "kill switch" went into effect.
BlackBerry CEO John Chen declined to comment on a recent Reuters report that the company is thinking of using Google's Android software in an upcoming smartphone for the first time, but he did not entirely foreclose the prospect of doing so in the future.
BlackBerry posted weaker revenue and earnings than analysts had expected for its first fiscal quarter, but the company surprised the market by posting stronger gains in software sales. The onetime smartphone powerhouse has been placing less emphasis on hardware and more on software, enterprise security and the Internet of Things in a push to remake itself under CEO John Chen.
BlackBerry is likely going to report less software revenue when it posts earnings on June 23 than Wall Street is expecting, and financial analysts and the wider market should lower their expectations for how quickly the company can increase software sales, according to a report from analysts at Wells Fargo.
BlackBerry is thinking of using Google's Android software in an upcoming smartphone for the first time, according to a Reuters report.
BlackBerry said it will cut an unspecified number of jobs in its smartphone hardware and software businesses as it continues its turnaround efforts under CEO John Chen.
BlackBerry and T-Mobile US have kissed and made up. A little more than a year after BlackBerry cut sales ties with T-Mobile amid a dispute over T-Mobile promoting the iPhone over BlackBerry's phones, T-Mobile is now going to start selling the BlackBerry Classic smartphone.