BlackBerry reported a massive $4.4 billion net loss for its fiscal third quarter, mainly as a result of $4.6 billion in charges. In addition, the company forged a five-year manufacturing deal with Foxconn for the contract manufacturer to jointly develop and manufacture some of BlackBerry's new lower-end devices and manage the inventory associated with those devices.
BlackBerry said former SAP executive John Sims will join the company in January as the president of its Global Enterprise Services business, at a time when Blackberry is shifting away from the consumer smartphone market to focus more squarely on the enterprise.
Two more senior BlackBerry executives will be heading for the doors soon, according to a Wall Street Journal report.
Morgan The numbers are in, and it's time to make sense of the data. ABI Research's Michael Morgan checks out the world's 14 largest branded cell phone makers in the third...
Google's Android regained some U.S. market share as of the end of October after losing share last spring, according to a new report from digital research firm comScore. The firm also reported that Apple is the No.1 smartphone maker in the U.S. with 40.6 percent share.
BlackBerry's interim CEO John Chen issued an open letter to BlackBerry's enterprise customers in which he declared that the company is here to stay. He also reminded the market that the company's BlackBerry 10 platform can perform mobile device management for other smartphone platforms, not just BlackBerry.
Struggling phone maker BlackBerry offered some positive news this week with the announcement that 12 small Android phone makers have agreed to pre-install its BBM messaging application on their Android phones. Further, the company launched its BBM Channels service, a Twitter-style social engagement platform within BlackBerry's Messenger service that allows customers to connect with businesses, brands, celebrities and groups.
BlackBerry continued to reconfigure its operations as it tries to revive its business under interim CEO John Chen, and announced the departure of several top executives, including those responsible for the rollout of its BlackBerry 10 platform, which has failed to reignite sales.
BlackBerry's board does not think breaking up the company into separate pieces is a sound idea, even though Apple, Microsoft, Lenovo and others have expressed interest in parts of the company, according to a Reuters report.
Fairfax Financial Holdings, the largest shareholder of BlackBerry, disclosed that its bid to shore up the finances of the struggling smartphone maker attracted the support of a Qatar-based sovereign-wealth fund and several Canadian investment funds.