Blackberry will stop making smartphones

Blackberry will stop making smartphones

Moscow. September 28. Canadian Blackberry, which is known as one of the first manufacturers of smartphones in the world, will cease to produce these devices, according to a press release from the company.

Blackberry announced the conclusion of a deal with the Indonesian company Merah Putih, a joint venture, the most significant participant which is the largest telecommunications company in the country Tiphone Mobile Indonesia. Under the deal, Merah Putih will produce and sell smartphones under the Blackberry brand using company software for Android, characterized by a high degree of protection.

She Blackberry will focus on software development and providing it services in the second quarter of the current fingado its revenues in this segment almost doubled to $138 million Blackberry started producing and selling smartphones long before Apple’s iPhone, and was once the leader in this market with a market capitalization of $80 billion.

Earlier Blackberry reported last finkvartal. Its net loss grew to $372 million, or 71 cents a share, while revenue fell from $490 million to $334 million of Shares of the company in the previous auction on Wednesday rose by 6%. Its market capitalization is $5.4 billion.