BlackBerry stops making smartphones to focus on software


  • Business Premium
  • Thursday, 29 Sep 2016

TORONTO: BlackBerry Ltd will stop making smartphones, handing over production to overseas partners while it turns its full attention to its more profitable and growing software business.

Investors applauded the move, sending shares higher in early trading.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Business , Blackberry , Indonesia

   

Next In Business News

Senheng debuts 15.89% lower at 90 sen/share on Bursa Premium
Ringgit opens marginally higher on mixed signals Premium
Strong dividend outlook on Hap Seng Plantations Premium
Hibiscus completes acquisition of Fortuna international Petroleum Premium
FBM KLCI slumps following wild trading on Wall Street Premium
Trading ideas: Opcom, Maybank, Greatech Technology, MISC, Luster Industries, Aimflex, AirAsia and YB Ventures Premium
Sinovac regimen gets strong boost from Pfizer, AstraZeneca or J&J COVID shots - study Premium
Tesla countersues JPMorgan, claims bank sought 'windfall' after Musk tweet Premium
Oil price falls 2% as Fed rate hike talk spooks risk markets Premium
Bitcoin bounces off six month lows as buyers step in Premium

Others Also Read


Vouchers