BlackBerry teams up with Foxconn
Smartphone maker BlackBerry is stepping away from making hardware and turning to China’s Foxconn Technology to develop and make new BlackBerry devices while the Canadian phone maker focuses on software development.
BlackBerry announced a five-year handset joint venture with Foxconn, the world’s largest contract manufacturer of electronics and a major supplier of iPhone maker Apple Inc.
The Taiwan- based company will develop and make new BlackBerry devices in Indonesia and Mexico, allowing BlackBerry, of Waterloo, Ontario, to concentrate on corporate software and services, according to the companies’ statement.
CEO John Chen said the partnership, announced as BlackBerry swung to a $4.4 billion loss for its fiscal third quarter, would allow the company to “focus on what we do best” — design, security, software development and enterprise mobility management.