The story appears on

Page A8

September 29, 2016

GET this page in PDF

Free for subscribers

View shopping cart

Related News

Home » Business » IT

BlackBerry stops making smartphones

BLACKBERRY Ltd will outsource manufacturing of its once-core hardware, including its flagship smartphone, the Canadian company said yesterday as it reported another loss and sharp drop in revenue.

The company also said Chief Financial Officer James Yersh would leave effective October 1 for personal reasons. It announced former Sybase executive Steven Capelli as his successor.

The net loss came to US$372 million, or 71 US cents a share, on revenue of US$334 million, as the company booked US$147 million in charges from its reorganization.

A year ago, it reported a profit of US$51 million, or 24 US cents a share, on revenue of US$490 million.

Excluding one-time items, the company said it broke even. On that basis, analysts had on average expected an adjusted loss of 5 US cents a share on revenue of US$393.75 million.

The company raised its adjusted earnings outlook for the year to a range of break-even to a 5-cent loss.



Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.

沪公网安备 31010602000204号

Email this to your friend