BlackBerry CEO John Chen said the company is going to be more focused on becoming profitable and maintaining that status than churning out a wide range of new smartphones.
Google's Android platform has long dominated the smartphone market in terms of market share, but research firm Strategy Analytics thinks Android has reached its peak. Android ran 84 percent of smartphones shipped globally in the third quarter, according to the research firm, down from 85 percent in the second quarter. "Android's global smartphone market share is peaking," Strategy Analytics analyst Neil Mawston told the Wall Street Journal.
Google faces a fight to maintain the dominance of its Android smartphone operating system (OS) even though the platform increased its grip on the global market during the third quarter.
Chinese computer maker Lenovo is reportedly preparing a bid for Canada's BlackBerry that could be made as early as this week, according to a Benzinga.com article that quotes an unnamed source. The news helped drive a spike in BlackBerry's share price.
Some companies in the mobile industry that shed thousands of jobs in recent years are now on the mend. Despite those improvements, continued shifts in the mobile market have forced thousands of workers out of their jobs this year.
Apple maintained its dominance in the U.S. smartphone market over the summer, according to the latest figures from research firm comScore. Given the boffo opening sales weekend Apple had for its new iPhone 6 and 6 Plus, that lead is likely to swell through the fall.
BlackBerry executive Alec Saunders, who led the company's developer relations team and has been a key figure at the firm's QNX subsidiary as it has pushed into the Internet of Things market, is leaving the company in the next few weeks.
How did the wireless industry perform in the third quarter of 2014? Check here throughout the third-quarter earnings report season for full earnings reports from the wireless industry's carriers, handset makers, equipment suppliers and others.
BlackBerry plans to release more devices that are differentiated in their design, along the lines of its new Passport phone, which sports a square 4.5-inch screen and a physical Qwerty keyboard.
BlackBerry said it has received 200,000 orders for its new Passport smartphone, the first major smartphone release from the company since 2013. BlackBerry CEO John Chen said the new phone, announced earlier this week, sold out in six hours on BlackBerry's website and in 10 hours on Amazon's site. He said the company has now sold enough Passport smartphones to make the device profitable, according to Bloomberg.