BlackBerry has inked a five - year contract with Foxconn to bring phones in Indonesia and other "emerging markets" at the $ 44...
BlackBerry has inked a five - year contract with Foxconn to bring phones in Indonesia and other "emerging markets" at the $ 4400000000 for the third quarter losses. This partnership demonstrates the BlackBerry device on the market in the long term commitment and our determination remain innovation leader in secure end-to -end mobile solutions, says Chen. Partnering with Foxconn Allows BlackBerry to focus on what we do best - an iconic design world - class security software development and enterprise mobility management - at the same time dealing with the fast- growing markets to leverage the scale and effectiveness of Foxconn, which will allow U.S. to compete effectively more.
The move comes as the BlackBerry Reported Gaap loss of $ 4.4 billion for the third quarter. Revenue for the quarter was $ 1200000000, down 24% from the previous quarter. Investors seem to like the direction BlackBerry shares were up about 3 % in premarket trading.
Asia - Pacific market has been a huge source of income for the BlackBerry. According to the company, the region accounted for sales of $ 169 million, or 14.2 % in the third quarter, almost the same proportion as a year ago.
