BlackBerry’s stock has withered in recent quarters as its revenue fell.
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The notified action of the Senate with regard to BlackBerry handsets is evidently an upshot of the fact that BlackBerry has informed bigwig U.S. wireless carriers AT&T and Verizon that it is stopping the production of handsets powered by the company’s own BlackBerry 10 OS.
Canada-based BlackBerry used to be the world leader in the field of mobile devices, but tough competition from rivals like Apple and Samsung galloped its market share. It could certainly be argued that Blackberry effectively divorced itself when its CEO announced in January at CES that BlackBerry’s new devices would be running Android if the company indeed made two new devices this year. Now, it appears as if the Canadian company’s long-standing status as the U.S. Senate’s device maker of choice is about to come to an end. BlackBerry Chief Executive John Chen last month expressed confidence the company’s trimmed-down handset business can turn a profit by a self-imposed September deadline. Instead, they will issue non-blackberry devices such as the iPhone SE and the Samsung Galaxy S6.
The Classic, Passport, Z10, Z30 and Q10 are among the many devices who’s production has been ceased completely.
BlackBerry device support will continue for the foreseeable future and that BlackBerry is committed to maintaining their support of existing devices to include uninterrupted warranty and technical support. “The statement about discontinuation of BlackBerry 10 at AT&T and Verizon is incorrect”. However, given the fact that BB is looking into plans of coming in with more Android-based devices this year, it seems the company realized a huge potential with the initial release of the Priv. The report notes that this is an end of an era for BlackBerry, which long held US Government contracts.
Once we have exhausted our current in-house stock, new device procurements will be limited, while supplies last, to warranty exchanges only.
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This news comes as one more bad news for the Canadian firm, who in the first fiscal quarter sold only 500,000 phones compared 600,000 in the prior quarter and 700,000 in the quarter before that. AT&T and Verizon have already been informed of the same.
