New CEO wants BlackBerry to continue building phones

Well, the BlackBerry buyout didn’t happen after all; instead, Fairfax will pay out $250M of BlackBerry’s debt and will secure $750M in similar investments from other parties, which accounts for a total of $1B for BlackBerry. Oh, and there’s also a new CEO: John Chen.

According to a recent Reuters report, the new CEO not only believes in the BlackBerry handset, but has no intention of ditching it. We’ll likely see more BlackBerry-branded phones in the future, as Chen expressed his belief that “we have enough ingredients to build a long-term sustainable business. I have done this before and seen the same movie before”. To also show some confidence, the executive chairman and interim chief executive officer also said: “there is a lot to do. There are a lot of challenges or otherwise I would not be interested.”

Source: Reuters

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Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.