BlackBerry to exit manufacturing business, will outsource to partners

BlackBerry said it will exit the smartphone manufacturing business after the company posted a net quarterly loss of $372 million. The onetime king of phones for the mobile enterprise said it will hone its focus on software development and licensing but will no longer build handsets in-house.

CEO John Chen said in a press release.

“Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia, Under this strategy, we are focusing on software development, including security and applications. The company plans to end all internal hardware development and will outsource that function to partners.”


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