Mobile

With New Outsourcing Deal, BlackBerry Cancels Two Phones

Published on December 23, 2013
by Will Connors

A small item from BlackBerry’s earnings-related filing Friday got lost in the news of its hardware partnership with Taiwan’s Foxconn Technology Group–sales of its new phones have been so bad that BlackBerry was forced to cancel the rollout of two not-yet-released phones.

BlackBerry’s announcement Friday that it will start outsourcing its hardware business to Foxconn was greeted with enthusiasm by investors, who pushed that stock up 15.5 percent. In late Monday, the stock was up another 3.3 percent.

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