IMPORTANT NOTICE: Nerddict will be officially and permanently parked to Techgasm247.com on the 2nd of April, Kindly BOOKMARK and ANTICIPATE!!!
Download Our Android App → CLICK HERE
Friday, June 24, 2016

BlackBerry Set To Quit Smartphones Business After Reporting A $670 Million Loss

Canadian ๐Ÿ mobile company, Blackberry's woes and general downward๐Ÿ‘‡ spiral seems to have no end ๐Ÿ”š in sight.
BlackBerry made sales of just 500,000 units of phones globally in the first fiscal quarter which is
100,000 less sales made in previous quarter.
This downward spiral in sales has contributed to a massive $670 million loss which is blackberry's biggest loss in two years.

blackberry

A large part of the recorded loss is attributed to restructuring
charges but sales falling to $400 million - which is 39% less than last year's record also contributed.
Blackberry's CEO John Chen had last year told financial analyst, “I really, really believe that we could make money out of our device business,”
BlackBerry did try last year to revive its handset business ; launching the Google Android OS running Blackberry Priv smartphone in a bid to attract buyers.
However, the Blackberry Priv has failed to deliver as early sales figures have been disappointing.
BlackBerry has now announced it is set to make a decision on whether to quit phone productions.
Quoting John Chen at Blackberry's annual meeting :

“The device business must be profitable, because we don’t want to run a business that drags onto the bottom line,”

“I don’t personally believe handsets will be the future of any company,”

“Our software business continues to achieve scale and traction, resulting in robust growth and increasing market share,”

Blackberry seems set to whimper out of the smartphone market and that's quite a shame.
tech nexus
Share:
Let us know what you think!

Post a Comment

search nerddict

IMPORTANT NOTICE

Why I Decided to Change Domain Names To Techgasm247

Holla Nerddicts! I am sure you have been seeing the notification I put up stating " we will be officially and permanently parked to T...

Subscribe to Nerddict Newsletter

Get the Hottest Tech News, Tech Tutorials & How-Tos, Gadget Reviews & Browsing Cheats straight into your → INBOX

Trending Posts

Blog Archive

Nerddict Tech Hub. Powered by Blogger.