“BlackBerry Ltd would consider exiting its handset business if it remains unprofitable, its chief executive officer said on Wednesday, as the technology company looks to expand its corporate reach with investments, acquisitions and partnerships.,” Alastair Sharp and Nicola Leske report for Reuters.
“‘If I cannot make money on handsets, I will not be in the handset business,’ John Chen said in an interview, adding that the time frame for such a decision was short,” Sharp and Leske report. “He would not be more specific, but said it should be possible to make money off shipments of as few as 10 million a year.”
“In a wide-ranging interview in New York, Chen acknowledged past management mistakes and said he had a long-term strategy to complement the short-term goals of staying afloat and stemming customer defections,” Sharp and Leske report. “‘You have to live short term. Maybe the prior management had the luxury to bet the world would come to it. I don’t have the luxury at all. I’m losing money and burning cash.'”
Read more in the full article here.
MacDailyNews Take: DCW. Now even Chen seems to get it, too.
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