BlackBerry is witnessing a loss of $4.4 Billion

blackberry BlackBerry Loses $4.4 Billion Last QuarterBlackBerry is witnessing great difficulty nowadays. The Canadian organization reviews that last one fourth it created revenues of just $1.2 billion, down from $1.6 billion the last one fourth (and $2.7 billion a year ago) and sold 4.3 million mobile phones, out of which only 1.1 million were operating on BB10 OS, which was expected to be the life saver.

The organization made a loss of $1.8 billion last one fourth since it wrote-off unsold BB10 gadgets in the factory, the determine appears at a massive $4.4 billion.

Still, the organization is seeing innovative changes thanks to its new CEO. To be able to catch bigger business, BlackBerry is integrating with Foxconn in China to produce less expensive mobile phones. The first mobile phones to come out of the partnership will first appeare\ in 2014.

Secondly, the company is divided into three sections, Solutions, QNX Embedded and Devices. The first one will be getting the most interest from BlackBerry while Devices department will be managed in a more effective way.

And despite that incredible reduction, the CEO John S. Chen believes that aspects will get fine by 2016. According to its plan, earnings and failures should get even by 2015, with earnings turning in later. We’ll have to delay and see whether this technique will work.

Author: Muhammad Ilyas

Journalist, Blogging & Engineering Student by Profession, Website designer and Developer by Passion. Also a co-owner at Pakistan Blogs.

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