BlackBerry CEO John Chen has issued an open letter to its enterprise customers assuring them that BlackBerry is no longer looking to sell the company and it has every intention of maintaining its large device management and enterprise services.
BlackBerry has announced that three high-ranking executives and one board member have left the company, signaling that more changes may be afoot at the struggling smartphone and services vendor.
A batch of photos purporting to show Google Play running on a BlackBerry Z30 sparked rumors of BlackBerry 10 devices getting access to hundreds of thousands more Android apps, but should BlackBerry fans get excited yet? No.
BlackBerry's struggles in recent years have been well-documented, but it now appears that one potential lifeline in terms of acquisition offers was kept from happening all because the Canadian government preemptively stated that it would block any sale to Lenovo.
The $4.7-billion deal that was to sell BlackBerry to a financial firm is no more. Instead of paying money to fully acquire the struggling manufacturer, Fairfax Financial Holdings and others will invest $1 billion and search for a permanent replacement for departing CEO Thorsten Heins.
Should BlackBerry's $4.7 billion sale to Fairfax financial not be finalized, BlackBerry would consider breaking up the company. Such a move might actually be better for shareholders, according to people who spoke to Bloomberg.
Despite originally claiming that it would not sell the BlackBerry Z30 because of a belief that customers would be perfectly happy purchasing one of its existing BlackBerry 10 devices, Canadian carrier Rogers has reversed course and decided to stock the latest BlackBerry device.
The BlackBerry Z10 was not as successful as BlackBerry anticipated, but the troubled manufacturer is hoping that its next all-touch screen BB10 device, the BlackBerry Z30, will have a better performance when it goes on sale in its home country later this month.
As expected based on the disappointing news released last week, BlackBerry today announced that it generated $1.6 billion in revenue and had an operating loss of $248 million; however, it also has nearly $1 billion in unsold devices.
BlackBerry, once the biggest name in mobile and worth more than $200 billion at its peak period in 2007, may soon be sold for less than $5 billion, according to a statement issued by the former smartphone giant.