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BlackBerry eyes wearables, tablet, appliances in program chartering expansion

  • April 02, 2017

BlackBerry’s trademark might shortly seem on some-more than only smartphones as CEO John Chen says a association is expanding a program chartering business.

The former smartphone personality pronounced final year it was exiting a hardware business in foster of focusing on a flourishing program division. It has given inked chartering deals to put a hardware into phones done by partners and non-stop a investigate centre for unconstrained cars to assistance it gain on a burgeoning self-driving car market. It is also in talks about a new BlackBerry-branded tablet.

While a intensity inscription understanding is a closest to entrance to fruition, Chen pronounced in a media roundtable that he’s looking into putting BlackBerry program into wearables, appliances and medical devices.

“We (would) indeed like to have a program record and secure record embedded into everything,” he said.

Chen’s comments came after a association reported stronger-than-expected quarterly results, promulgation a shares mountainous 11 per cent to tighten during $10.30 in Toronto.

Licensing deals would follow a identical indication to existent arrangements in place with partners who can design, make and sell BlackBerry-branded smartphones, regulating a company’s software, in sell for royalties per phone.

Earlier this year, BlackBerry partner BB Merah Putih launched a Aurora for a Indonesian market. In February, TCL Communication Technology Holdings Ltd. (TCT) suggested a BlackBerry-branded phone with a classical earthy keyboard, that is approaching to be sole in Canada and several other countries soon.

Chen pronounced he expects to see some income from a Aurora this quarter, while TCT’s KEYone device expected won’t start shipping until May.

He pronounced he’d be unhappy with one million units sole and expects a chartering agreements, in total, to compensate royalties on multimillion units annually.

When a association reports a subsequent quarterly results, Chen pronounced he expects to divulge how most a association done from royalties, that will embody fees from a handset deals.

BlackBerry pronounced a fourth-quarter detriment underneath ubiquitous accounting rules, reported in U.S. dollars, was $47 million, or 9 cents per share — a large alleviation from a $238-million detriment it had during a same time final year.

Revenue for a entertain fell 38 per cent to $286 million.

Outperformed marketplace expectations

But BlackBerry’s news was some-more focused on a practiced distinction of 4 cents per share, that outperformed a accord estimate.

The association also did improved than a guess of a detriment of 13 cents per share and income of $289 million, according to Thomson Reuters data.

“I wish each entertain will be that easy,” Chen said, adding a association had one of a strongest buliding to date for program billing.

But while a association has finished a turnaround, he pronounced opening will not be a true line upward. The biggest plea for a association stays anticipating a channels to get a products to clients, Chen said.

“I do believe, however, we’re going to have some-more good buliding in a destiny than in a past few years,” he said.

Chen expects a association to grow a program and services business between 13 and 15 per cent — during or above normal marketplace expansion — this mercantile year.

For a full year finished Feb. 28, BlackBerry had a $1.21 billion detriment underneath ubiquitous accounting manners and only $1.31 billion of revenue, that was down scarcely 40 per cent from mercantile 2015-16.

Article source: http://www.cbc.ca/news/business/blackberry-profits-4th-quarter-1.4049251?cmp=rss

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