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  • BlackBerry Bled $4.4 Billion Last Quarter


    On Friday, BlackBerry reported losses totaling $4.4 billion to go with a staggering 56 percent drop in revenue for its fiscal third quarter.

    While the news of BlackBrry's Q3 losses is far from surprising, it remains devastating nonetheless for the once-mighty Canadian smartphone maker. BlackBerry's loss of 67 cents per share missed Street expectations of a 46-cent per-share loss.

    “[T]he most immediate challenge for the company is how to transition the devices operations to a more profitable business model,” John Chen, BlackBerry's interim CEO, said Friday.

    But perhaps a component in this transition will be the company's new partnership with Asian manufacturer Foxconn.

    BlackBerry said that it would jointly develop and manufacture some phones with Foxconn in the future, including a new model aimed at the Indonesian market, and that Foxconn “will manage the inventory of those devices.”
    Sources at BlackBerry maintain that the smartphone maker will still control all of the “intellectual property” in mobile phones created through the partnership with Foxconn.

    Source: NYT
    This article was originally published in forum thread: BlackBerry Bled $4.4 Billion Last Quarter started by Michael Essany View original post
    Comments 11 Comments
    1. jose060789's Avatar
      jose060789 -
      I thought this was an Apple forum, not a BB.
    1. King_O_Hill's Avatar
      King_O_Hill -
      Stupid Canadian pride. They should have just broken up the company and sold it off so their shareholders could maybe benefit. I don't see how bleeding this company into bankruptcy is doing them any good.
    1. Scotty Manley Silberhorn's Avatar
      Scotty Manley Silberhorn -
      Quote Originally Posted by jose060789 View Post
      I thought this was an Apple forum, not a BB.
      Yes, but still interesting non the less. You don't have to read the non apple stories. There is the option to ignore all titles that don't have apple, iPhone, iPad, or Mac in them.
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by Scotty Manley Silberhorn View Post
      Yes, but still interesting non the less. You don't have to read the non apple stories. There is the option to ignore all titles that don't have apple, iPhone, iPad, or Mac in them.
      Must be a slow news day, guess they have to generate hits somehow. And no, it's not interesting. BBM has been hemorrhaging money for a long time now, it's sad and pathetic. Jose, try MacRumors or 9to5, they don't go off topic most of the time.
    1. tridley68's Avatar
      tridley68 -
      Quote Originally Posted by jose060789 View Post
      I thought this was an Apple forum, not a BB.
      Bet they are real sorry that they did not accept the offer Apple made them a while back oh well they are washed up anyway
    1. jose060789's Avatar
      jose060789 -
      Quote Originally Posted by NSXrebel View Post
      Must be a slow news day, guess they have to generate hits somehow. And no, it's not interesting. BBM has been hemorrhaging money for a long time now, it's sad and pathetic. Jose, try MacRumors or 9to5, they don't go off topic most of the time.
      Thanks!

      Quote Originally Posted by Scotty Manley Silberhorn View Post
      Yes, but still interesting non the less. You don't have to read the non apple stories. There is the option to ignore all titles that don't have apple, iPhone, iPad, or Mac in them.
      Well then maybe they shouldn't trip if I were to comment something irrelevant to the whatever news they have.
      No? That's what I thought. Hypocrisy...
    1. *T*'s Avatar
      *T* -
      Their stock still went up
    1. H4CK3R's Avatar
      H4CK3R -
      BB needs to liquidate their assets and just call it quits.
    1. jtsdad's Avatar
      jtsdad -
      It's a cell phone forum. BBs are cell phones. What's the problem?
    1. Donnutt's Avatar
      Donnutt -
      Quote Originally Posted by NSXrebel View Post
      Must be a slow news day, guess they have to generate hits somehow. And no, it's not interesting. BBM has been hemorrhaging money for a long time now, it's sad and pathetic. Jose, try MacRumors or 9to5, they don't go off topic most of the time.
      God!!! I get tired of hearing you stupid freaking snobby ingrates saying "slow news day״. This is NOT YOUR FREAKING FORUM!!! It's public. And some of us like to hear about other smartphone manufacturers once in a while. Get off your high horses or go start your own forums and write your own news!!!! No one is making you click on all the non-apple topics.
    1. NSXrebel's Avatar
      NSXrebel -
      Quote Originally Posted by Donnutt View Post
      God!!! I get tired of hearing you stupid freaking snobby ingrates saying "slow news day״. This is NOT YOUR FREAKING FORUM!!! It's public. And some of us like to hear about other smartphone manufacturers once in a while. Get off your high horses or go start your own forums and write your own news!!!! No one is making you click on all the non-apple topics.
      don't bring god or horses into this topic!