BlackBerry reports internet Loss on Restructuring expenses, Write-Downs

BlackBerry Reports Net Loss on Restructuring Costs, Write-Downs

BlackBerry, the Canadian mobile employer bought simply five lakh telephones globally within the first economic quarter – down from six lakh within the previous sector – reporting a $670 million loss which is its biggest loss in over years.

although much of the loss was right down to restructuring prices, sales additionally fell to $400 million, down 39 percent on a yr in advance, The Telegraph suggested on Friday.

“I honestly, absolutely agree with that we should make money out of our device enterprise,” BlackBerry CEO John Chen instructed economic analysts during a convention call.

remaining year, BlackBerry tried to restore its handset commercial enterprise via launching Priv telephone running Google’s Android running gadget (OS). but, early sales figures had been disappointing.

BlackBerry has said it’s going to determine whether or not to forestall making telephones for good with the aid of September.

“The tool enterprise must be worthwhile, due to the fact we do not want to run a commercial enterprise that drags onto the lowest line,” Chen stated at BlackBerry’s annual meeting. “I do not in my view trust handsets will be the destiny of any company,” Chen delivered.

“Our software program business keeps to acquire scale and traction, ensuing in sturdy increase and increasing marketplace percentage,” Chen become quoted as announcing in CNET file.

BlackBerry currently announced its partnership with HCL Infosystems to make bigger the channel and distribution community for BlackBerry enterprise software program products and services in India.

“through running with an established accomplice like HCL Infosystems in India, we goal to create increase for our partners even as giving our clients wider get right of entry to to our main suite of organization answers with international-magnificence aid, supporting firms boost their mobility strategies,” stated Richard McLeod, vice chairman, international Channels at BlackBerry, in a assertion.

It isn’t simply WhatsApp that determined to give up support for BlackBerry OS 10 services by using the quit of 2016, facebook too is leaving the BlackBerry platform after announcing recently to discontinue aid of its software programming interfaces (APIs) for BlackBerry.