BlackBerry hardware to shut down following plummeting quarterly revenue

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The struggling Canadian company has now announced its cessation of phone manufacturing. Though it didn’t come as much of a surprise to most, the announcement that new BlackBerry hardware is a thing of the past still raised eyebrows. CEO John Chen has been determined to save the smartphone side of the business. That said, after a quarterly report showing plummeting revenues, Chen has now accepted the inevitable. After this fiscal year, BlackBerry will no longer design, make or sell smartphones and other hardware. The second quarter revenue report revealed a…

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BlackBerry announces willingness to stop making smartphones

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CEO John Chen stated that if turnaround efforts aren’t successful, they may stop releasing the handsets. John Chen has now released a warning that has said that if the turnaround efforts being made by BlackBerry don’t manage to gain traction, the company may find that it will have to stop producing smartphones, at least at the rate at which they have been releasing them. That said, before that time, there are still some strategies that the Canadian smartphone maker may try. For instance, the company could still decrease the number…

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BlackBerry software successes cause company’s losses to reduce

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The struggling Canadian handset maker is using its digital revenues to make up for its hardware losses. The BlackBerry software from the Canadian smartphone manufacturer has played an important role in the company’s efforts to climb back into relevance and profitability has the revenue from its digital side has now allowed it to reduce its losses. The software side of the company has proven to be a very powerful one and will be integral to its recovery. In the three month period that came to an end in May 2015,…

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BlackBerry won’t survive 2015, says 24/7 Wall Street

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The latest list of brands that won’t last the next year has been released, and the handset manufacturer was included. A website that has a solid track record for naming companies that will soon be falling out of fashion, 24/7 Wall Street, has now released its list of predictions for those that won’t last until the end of 2015, and BlackBerry Inc. has been included among them. According to the site, the Canadian handset maker is “about to run out of its nine lives”. The site explained its decision in…

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BlackBerry recovery plan has now been unveiled

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Following the announcement of its massive continued losses in the third quarter, the company hopes to get better. Following extremely bad handset sales that have caused losses that were far worse than predicted, a BlackBerry recovery plan is now well in the works and the company is hopeful that it will be able to form a much brighter future for itself. The handsets had once been the leaders in the market and have recently rapidly fallen off the map. The third quarter losses reported by the company for its third…

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