BlackBerry will launch Android handset, reports 47% decline in revenue
The Canadian cellphone maker BlackBerry said the company would launch a new flagship slider handset, Priv, which will run on the Android operating system. The announcement was included in the company’s second quarter earnings statement which showed the company’s revenue fell to $491 million, a decline of 46.5 percent.
BlackBerry reported a big loss, overcome with an accounting write down of deferred revenue associated with the acquisition of WatchDox, which allowed the company to report a net income profit of $51 million.
“I am confident in our strategy and continued progress, highlighted by our fourth consecutive quarter of year-over- year double digit growth in software licensing revenue and sixth consecutive quarter of positive free cash flow,” said CEO John Chen. “In order to expand our leadership in cross- platform software and services, we are investing strategically – organically through new products and services based on the BES platform, and through acquisitions like AtHoc and Good.”
“At the same time, we are focused on making faster progress to achieve profitability in our handset business. Today, I am confirming our plans to launch Priv, an Android device named after BlackBerry’s heritage and core mission of protecting our customers’ privacy. Priv combines the best of BlackBerry security and productivity with the expansive mobile application ecosystem available on the Android platform,” said Chen.
The company, in addition to announcing its new Android phone, said it remains committed to its own BlackBerry 10 operating system, with an update scheduled to appear next year in March.