Blackberry Making Vital Operational Changes

Blackberry Making Vital Operational Changes

It might be hard for BlackBerry Ltd., but it is true that the company has been slashing 4,500 jobs. Not only this, it has been taking other actions for the betterment of the company.

BlackBerry has announced that they are going to witness a loss of nearly $1-billion by the end of their second quarter that has ended on August 31. One of the main culprits for the loss is their Z10 touchscreen phone.

Though the phone was introduced in a grand event, it was unable to attract customers. In fact, it is even said that the smartphone will not be able to generate revenue more than 800-million.

The announcements with regard to job layoffs and write off over $900-million unsold phones have brought a decline in the stocks of the company. As per reports, a decline of 16% has been witnessed.

Experts said that the phase through which the company is going through is quite unpredictable. Therefore, nothing much can be said about the future of the company.

"We are implementing the difficult, but necessary operational changes announced today to address our position in a maturing and more competitive industry, and to drive the company toward profitability", said chief executive officer Thorsten Heins.


FrenchTribune Specials

Americans Gained Less Height over Last Century

A recent research reveals the gain and loss in the heights of people across the world over the past century. The study also reveals the possible reasons behind the increase and decrease in heights. Maximum increase in the height has been noted among females from South Korea and males from Iran since 1896. South Korean women grew taller on an...

Exxon reports 46% decline in First Quarter earning

On Thursday, Exxon reported a 46% decline in earnings in the first quarter, by earning $4.9 billion compared with $9.1 billion in the same quarter a year ago. Exxon's top and bottom lines declined due to lower oil prices.

It was the...

Most Popular

Smart Stitches Could Transmit Data to doctors on wound recovery

Researchers at the Tufts University have developed...

Verizon may soon announce a deal to acquire Yahoo’s Internet business

In a significant move which will result in a two-fold...

Chinese package delivery worker develops new method to identify Carmichael numbe

A Chinese package delivery worker named Yu Jianchun, who...

Poll

Can Greece Come out of Economic Problems: