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BlackBerry reviews internet Loss on Restructuring expenses, Write-Downs

BlackBerry Reports Net Loss on Restructuring Costs, Write-Downs
HIGHLIGHTS
BlackBerry has reported a lack of round $670 million in 2 years.
closing year, BlackBerry attempted to revive its handset enterprise by means of launching ‘Priv’.
facebook and WhatsApp have ended their aid for BlackBerry platform already.
BlackBerry, the Canadian mobile company sold just 5 lakh phones globally in the first monetary area – down from six lakh within the previous quarter – reporting a $670 million loss which is its largest loss in over years.

even though a great deal of the loss became down to restructuring costs, sales also fell to $400 million, down 39 percent on a 12 months earlier, The Telegraph stated on Friday.

“I actually, sincerely trust that we may want to make money out of our tool commercial enterprise,” BlackBerry CEO John Chen told economic analysts in the course of a conference call.

closing yr, BlackBerry attempted to revive its handset business by launching Priv smartphone walkingGoogle’s Android running machine (OS). however, early income figures have been disappointing.

BlackBerry has stated it’s going to determine whether to forestall making phones for top by means ofSeptember.

“The tool business should be profitable, because we do not need to run a commercial enterprise that drags onto the lowest line,” Chen said at BlackBerry’s annual assembly. “I do not in my view accept as true with handsets could be the future of any enterprise,” Chen introduced.

“Our software business keeps to achieve scale and traction, resulting in robust increase and increasingmarketplace percentage,” Chen became quoted as pronouncing in CNET document.

BlackBerry recently introduced its partnership with HCL Infosystems to expand the channel and distributioncommunity for BlackBerry company software program services and products in India.

through working with a longtime accomplice like HCL Infosystems in India, we goal to create boom for our partners whilst giving our customers wider get admission to to our leading suite of agency answerswith worldmagnificence aid, supporting companies enhance their mobility techniques,” stated Richard McLeod, vice chairman, worldwide Channels at BlackBerry, in a statement.

It isn’t always simply WhatsApp that decided to end support for BlackBerry OS 10 offerings by using thecease of 2016, fb too is leaving the BlackBerry platform after pronouncing these days to discontinue aidof its utility programming interfaces (APIs) for BlackBerry.

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Tags: Apps, BlackBerry, facebook, John Chen, Mobiles, Smartphones, WhatsApp