Monday, December 22, 2014

Blackberry CEO believes his company will soon rival Apple, HTC, Samsung

BlackBerry just reported its fiscal third quarter 2015 earnings. Surprisingly the company's cash flow reads a plus instead of a minus and operating earnings was one cent per share, or six million dollars. Despite having a positive cash flow and operating profit, BlackBerry (formerly RIM) reported a net loss of $148 million on their shares, which was an improvement from the $4.4 billion on shares it lost in last year's third quarter. After tendering the report on Friday,

When BlackBerry's CEO John Chen was asked about his thoughts and chances of turning around the company, the overtly optimistic and confident Chen said that the odds were 99% in favor of his success. He also sang about a new software that would be arriving half way through next year. Chen also explained that the Blackberry Classic is the perfect device for those who have used the BlackBerry Bold 9900 but want the BlackBerry 10.3.1 OS build that allows android games run on it. The handset brings back the track pad and function keys. BlackBerry's CEO, who has been in charge when the company began its comeback, said "Sometime in Financial Year of 2016 we'll turn profitable, and our plan is once we turn profitable, we'll sustain it."

During its fiscal third quarter, BlackBerry successfully launched its latest flagship, the BlackBerry Passport. With a 4.5-inch screen and 1440 x 1440 resolution, the "relatively" large display was made with reading spreadsheets, emails and other business documents in mind. The unique QWERTY keyboard on the smartphone doubles as a trackpad, and based on the context of what is being written, certain punctuations, symbols and numbers appear on the screen for the user to tap. This all business phone has enough juice to make it take you through a day on a single charge. Powered by BlackBerry 10.3.1, the device now features BlackBerry Assistant which is a direct competitor to Siri, Google Now and Cortana.

If you're a BlackBerry fan, you have to be pretty impressed by what John Chen has done in the 13 months since he replaced Thorsten Heins as BlackBerry CEO. Watching the CEO respond to these questions, it really does feel as though BlackBerry's survival is no longer a question mark.

"We achieved a key milestone in our eight quarter plan with positive cash flow. We also attained another important milestone in the release of our new enterprise software products and devices. Our focus now turns to expanding our distribution and driving revenue growth."-John Chen, CEO, BlackBerry

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