BlackBerry announces new phones, services

Feb 25 2014, 2:54am CST | by

BARCELONA, Spain (AP) — BlackBerry will release a low-cost phone in Indonesia in April and plans a broader release of a phone that restores a beloved row of control keys with a track pad.

The Indonesia phone, the Z3, will sell for less than $200 without subsidies, the company said Tuesday. It will later expand to other markets in southeast Asia. BlackBerry Ltd. CEO John Chen said a version with faster, 4G connectivity is planned for the rest of the world "sometime in the future before I die."

It's the first phone made under a new five-year partnership with Foxconn, the Taiwanese company that assembles products in vast factories in China.

Meanwhile, Chen said it will restore the keys in a new phone he termed "Classic." He said the new Q20 is a response to lackluster sales of last year's Q10, which has a physical keyboard but lacks the track pad or keys for functions such as going back. He said the company got many complaints about that.

BlackBerry also announced plans to expand its services for businesses needing secure communications, particularly in regulated industries such as health care and financial services. There are plans, for instance, to go beyond securing just email and messaging.

It's part of the company's plan to focus on its strengths in business services. BlackBerry Ltd. strayed from that as it tried to lure consumers with new devices.

The BlackBerry was the dominant smartphone for on-the-go business people and other consumers before Apple introduced the iPhone in 2007, showing that phones could handle much more than email and calls. BlackBerry was slow in modernizing its operating system, and once it did, the much-hyped system flopped.

Chen was brought in as CEO late last year after talks to sell the company collapsed. Although he has been credited with turning around Sybase, a data company that was sold to SAP in 2010, Chen has acknowledged that reviving BlackBerry will be his most "complicated" challenge.

In the latest quarter, ending Nov. 30, BlackBerry Ltd. reported a $4.4 billion loss and a 56 percent drop in revenue. But the company said it had plenty of cash to engineer a turnaround.

The new partnership with Foxconn will help reduce much of BlackBerry's manufacturing costs. Foxconn, known for its manufacturing contract work on Apple's iPhones and iPads, will jointly design and manufacture most BlackBerry devices and manage inventory of the devices.

Chen said BlackBerry will now target the heavily regulated industries that require greater security. It will simplify its pricing and let people upgrade to the latest systems for free this year. It will also offer free services this year for companies that had left BlackBerry for rivals.

Source: AP Business

 
 

Don't miss ...

 

<a href="/latest_stories/all/all/31" rel="author">Associated Press</a>
The Associated Press (AP) is one of the largest and most trusted sources of independent newsgathering, supplying a steady stream of news to its members, international subscribers and commercial customers.

 

blog comments powered by Disqus

Latest stories

Interesting LNG Put And Call Options For June 6th
Investors in Cheniere Energy Inc. (AMEX: LNG) saw new options begin trading today, for the June 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LNG options chain for the new...
 
 
Interesting GMCR Put And Call Options For June 6th
Investors in Keurig Green Mountain Inc (NASD: GMCR) saw new options become available today, for the June 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the GMCR options chain for...
 
 
Relevant Or Relic? Take Our Daughters And Sons To Work Day Faces New Challenges
Those who grew up in the 1990s may always think of today as a day when many girls missed school to go to work with mom or dad, but this morning, girls and boys across the country headed off to work with parents,...
 
 
Ingram Micro Becomes Oversold (IM)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis...
 
 
 

Latest from the Network

Apple Posts Record Q1 On Strong iPhone Sales, Margin Gains
Apple announced a strong set of Q2 FY2014 results on Wednesday, beating guidance on both revenues and gross margins. The company saw its revenues grow 5% year-over-year to$45.6 billion in the second quarter, which...
Read more on Apple Balla
 
Seeds Of Apple's New Growth In Mobile Payments, 800 Million iTune Accounts
During Apple’s (AAPL) earnings conference call on Wednesday, it was revealed that Apple now has about 800 million iTunes accounts.  CEO Tim Cook described it as “staggering.”   This is an impressive achievement...
Read more on Apple Balla
 
Interesting LNG Put And Call Options For June 6th
Investors in Cheniere Energy Inc. (AMEX: LNG) saw new options begin trading today, for the June 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the LNG options chain for the new...
Read more on Business Balla
 
Interesting GMCR Put And Call Options For June 6th
Investors in Keurig Green Mountain Inc (NASD: GMCR) saw new options become available today, for the June 6th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the GMCR options chain for...
Read more on Business Balla
 
Relevant Or Relic? Take Our Daughters And Sons To Work Day Faces New Challenges
Those who grew up in the 1990s may always think of today as a day when many girls missed school to go to work with mom or dad, but this morning, girls and boys across the country headed off to work with parents,...
Read more on Business Balla
 
Ingram Micro Becomes Oversold (IM)
Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis...
Read more on Business Balla
 
Xilinx is Oversold
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics —...
Read more on Business Balla
 
Innophos Holdings is Oversold
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics —...
Read more on Business Balla
 
Why The Average Investor's Investment Return Is So Low
According to the latest 2014 release of Dalbar’s Quantitative Analysis of Investor Behavior (QAIB), the average investor in a blend of equities and fixed-income mutual funds has garnered only a 2.6% net annualized rate...
Read more on Business Balla
 
Ducky Deal For Ackman
By Olga Oksman If it looks like a duck and quacks like a duck, legally, it may not be a duck. That seems to be the message from the unusual but very carefully structured partnership struck between serial acquirer...
Read more on Business Balla
 
 
Auto Balla Sexy Balla Sport Balla TV Balla Politics Balla Movie Balla Apple Balla Business Balla Ad Balla Celebrity Balla