BlackBerry Posts $4.4 Billion Loss, Will Outsource To Foxconn

iONiUM writes "Today BlackBerry announced a $4.4 billion loss, and a deal with Foxconn to outsource hardware manufacturing. One interesting stat is that 75% of sales were actually older BB7 devices. That said, CEO John Chen says, 'We are very much alive, thank you.' He adds, 'Our "for sale" sign has been taken down and we are here to stay. BlackBerry recently announced it has entered into an agreement to receive a strategic investment from Fairfax Financial and other institutional investors, which represents a vote of confidence in the future of BlackBerry.'"

Comments

Obligatory Monty Python

[ModernGeek]

I'm not dead yet!

Re:Our "for sale" sign has been taken down

[sesshomaru]

"He's a straight shooter with upper management written all over him."

Re:Our "for sale" sign has been taken down

[symbolset]

Shush. They have found a profit center. By getting tax credits for responsible ewaste management. The current plan is to take their own unsold products and continuously e-cycle them in-house into new unsold products to e-cycle again, gaining an additional tax credit each time. This e-cycling perpetual motion machine is self sustaining and profitable, ensuring unlimited future paid-in capital as Wall Street discovers the enhanced efficiencies only available by cutting the humans out of the loop while simultaneously "going green".