BlackBerry’s Next Move
BlackBerry Ltd.’s newly appointed interim chief executive, John Chen, has said the troubled Canadian smartphone maker is no longer for sale and is “very much alive.” If the company continues to burn cash at the current rate, however, its life span appears threatened.
When BlackBerry reports its fiscal third-quarter earnings on Friday, investors and analysts expect almost every key financial metric to have worsened. Beyond its precarious cash position — analysts say it could run out of cash by the end of next year — it is expected to report declining service revenue and possibly further inventory write-offs as its smartphones continue to sell poorly. The company no longer discloses subscriber figures.