Phones | 12/23/2013 08:54
Company said it will enter into an agreement to produce devices which reduces the risk that you need to make more writedowns smartphone unsold
BlackBerry: paper rose 17 percent after the company announced a five-year partnership with FIH Mobile Ltd, owned by Foxconn
Toronto – The BlackBerry said on Friday that it will enter into an agreement to produce devices which reduces the risk that you need to make more writedowns smartphones no sold, and its shares rose even after disappointing quarterly results.
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paper rose 17 percent after the company announced a five-year partnership with FIH Mobile Ltd, owned by Foxconn. The company will initially assemble apparatus lowest price to sell in Indonesia and other emerging markets. The BlackBerry said he hopes to expand the partnership to their smartphones to a high standard.
business is unconventional because the BlackBerry will no longer pay in advance for components used in devices made by Foxconn factories in Indonesia and Mexico factories.
Unlike
, Foxconn will have a share in the profit of each unit in exchange for bearing inventory management. Foxconn will also help develop, create and distribute the devices.
President John Chen, who assumed the BlackBerry last month, said he hoped the agreement with Foxconn help the business of the BlackBerry devices that you have positive cash flow, and the company as a whole to show a profit in the year beginning in fiscal 2015.
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