BlackBerry yesterday unleashed a near-unfathomably bad third quarter financial report. The company reported a $4.4 billion loss and a 56% year-over-year decline in revenue.
This dismal quarterly was expected after the taste investors got from BlackBerry’s nearly $1 billion second-quarter loss. John Chen, BlackBerry’s new interim CEO, has also made it clear that he will be making sweeping changes to the company, including a renewed focus on enterprise mobility services for revenue.
As part of these changes BlackBerry announced today that it has entered into a five-year with Foxconn to develop and manufacture BlackBerry hardware. Foxconn is the largest tech manufacturer in the world, having gained that position due to its role as the primary manufacturer of Apple products, including the iPhone.
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