BlackBerry counts on cars to reverse decline in revenue
BlackBerry reported another quarter of losses and declining revenue on Tuesday, but CEO John Chen said that the company will break even next quarter, its first since quitting the smartphone business.
The company signaled its departure from the smartphone hardware business last week, licensing its brand to TCL, the Chinese manufacturer that built the last two BlackBerry handsets.
Chen's break-even forecast had a caveat: It didn't include restructuring charges, stock compensation expenses, fair-value adjustments and a host of other things, so the company will still have a loss, but a smaller one.
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