Once the Dominant in the smartphone market, Blackberry has agreed a five year deal with Foxconn Technology Group. The Foxconn Group is a Taiwanese multinational contract manufacturing company also called Hon Hai Precision Industry Co Ltd. This manufacturing company is the largest electronics contract manufacturer in the world.
According to the news published in the BBC, these two companies will initially work on the development of a new product of smartphone.
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| Blackberry Z10 |
Massive $4.4 billion Loss Reported by Blackberry
On Friday, Blackberry reported a massive loss of £2.7bn ($4.4 bn) for the third quarter. This Smartphone company has been hit by other success and popular Smartphone launched by other companies such as Apple, Samsung and others. Desired results were not achieved for its attempts to boost its market share.
Blackberry reported 56 percent drop in the revenue in its first quarterly report under the newly appointed chairman and chief executive John Chen. Despite the negative results, Mr. Chen said that this Blackberry has a really good shot of turning a profit in the year 2016. Chen added, "I'm hoping we never have to have a conversation going forward about inventory write downs,”.
The new product, the Foxconn’s Blackberry phones are expected to be released in the month of March or April and will be manufactured in Indonesia and Mexico. Hoping this may workout for Blackberry.
On Friday, Blackberry reported a massive loss of £2.7bn ($4.4 bn) for the third quarter. This Smartphone company has been hit by other success and popular Smartphone launched by other companies such as Apple, Samsung and others. Desired results were not achieved for its attempts to boost its market share.
Blackberry reported 56 percent drop in the revenue in its first quarterly report under the newly appointed chairman and chief executive John Chen. Despite the negative results, Mr. Chen said that this Blackberry has a really good shot of turning a profit in the year 2016. Chen added, "I'm hoping we never have to have a conversation going forward about inventory write downs,”.
The new product, the Foxconn’s Blackberry phones are expected to be released in the month of March or April and will be manufactured in Indonesia and Mexico. Hoping this may workout for Blackberry.
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