BlackBerry pins hopes on an Android phone, Priv, as handset losses continue
It's official: BlackBerry's next phone will run Android.
The phone, called Priv, will also include BlackBerry security and productivity tools, Chairman and CEO John Chen told investors Friday.
The move suggests that Chen still can't decide whether BlackBerry should focus on the more profitable enterprise mobile device and application management software sector, or remain a loss-making phone maker with one foot still in the cut-throat consumer electronics market.
On Friday, BlackBerry reported revenue of $490 million for the three months to Aug. 29, down from $916 million a year earlier. The company scraped up a net income of $51 million with an accounting manipulation, revaluing debentures to the tune of $228 million. Gross margin was down, however, while fixed selling costs remained largely unchanged from a year earlier.
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