Blackberry still losing

BlackBerry Ltd Gets into Partnership Deal with Foxconn to Develop New Devices for Emerging Markets

BlackBerry Ltd recently posted disappointing quarterly results that translated to a whopping $4.4 billion of losses. However, the Canadian smartphone manufacturer still strives harder to attempt to obtain a much needed turnaround.

The company has entered into an agreement to a manufacturing partnership with Taiwan’s Foxconn. Together, the two smartphone makers would develop and manufacture a main consumer handset, which would primarily target Indonesia, one of the few countries where demand for BlackBerry devices remains strong. This partnership would also eventually cover several other fast-growing mobile market