BlackBerry stops development of two smartphones due to poor performance

ByVancity Allie. Com

A Canadian smartphone maker announced that the third quarter settlement of accounts was a significant deficit in 2013BlackBerry, TaiwanFoxconAnnounced that it had signed a production consignment contract with FIH Mobile of Hong Kong in Hong Kong for five years, and immediately after the announcement of the business alliance, the stock price of BlackBerry recorded about 15.5% higher. However,Wall Street JournalAccording to information obtained from stakeholders, BlackBerry has been found to have ceased development of the two smartphones.

With New Outsourcing Deal, BlackBerry Cancels Two Phones - Digits - WSJ
http://blogs.wsj.com/digits/2013/12/23/with-new-outsourcing-deal-blackberry-cancels-two-phones/

(PDF file) Q3_Fiscal_2014_Financial_Information.pdf
http://us.blackberry.com/content/dam/bbCompany/Desktop/Global/PDF/Investors/Documents/2013/Q3_Fiscal_2014_Financial_Information.pdf

According to BlackBerry's announcement, the third quarter settlement of accounts for September to November 2013 was a net loss of 4.4 billion dollars (about 458 billion yen), with net sales of 2.73 billion dollars (about 285 billion yen ) To approximately 1.19 billion (approximately 124 billion yen), and the number of units sold was 1.9 million units, down 1.8 million units compared to the second and fourth quarter.

BlackBerry announced that it had signed a manufacturing consignment contract with Foxcon's Hong Kong subsidiary FIH Mobile on the same day announcing its earnings announcement for five years. BlackBerry 's share price, which had dropped by 7% at the top, was 15.5% higher, as it could reduce manufacturing costs through business alliances and allow BlackBerry to focus on software and service operations.

Meanwhile, the Wall Street Journal, which got information from stakeholders, reports that BlackBerry had canceled two smartphones that were in the process of being developed due to poor performance. Two smart phones, codenamed Cafe and Kopi, were planned to be launched on the market as BlackBerry as a low-end product, and no schedule such as release date was announced at all.


BlackBerry announces the annual Blackberry Live of the recitalAnnounces that it will not be held in 2013, And it is said that the two smartphones that were canceled have influenced.

After announcing business alliance, Mr. John Chen, BlackBerry 's extraordinary CEO, said, "Foxcon will take over the development of cheap smartphones, and a new smartphone named code name Jakarta will be released around April 2014" I was talking.