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BlackBerry Posts $670 Mn Loss, May Stop Smartphone Biz

Canadian mobile company, BlackBerry has posted ts biggest loss a $670 million in over two years. Although much of the loss was down to restructuring charges, sales also fell to $400 million, down 39 per cent on a year earlier. The company sold just 5 lakh phones globally in the first fiscal quarter - down from six lakh in the previous quarter, IANS report published in Economic Times said. BlackBerry has said it will decide whether to stop making phones for good by September. “The device business must be profitable, because we...

Lenovo Bets Big On India To Fix Dropping Smartphone Biz

After reporting its first loss in six years, Chinese technology major Lenovo is now betting big on the Indian market to fix the dropping smartphone business. Lenovo, which received about USD one billion in revenue from India last year, is also looking at bringing in more premium devices here, including new Moto Z smartphones that can be customized with ‘mods’. “We will continue to invest in the market and grow our share here, there is a strong long term potential,” PTI report published in Economic Times quoted Lenovo Senior Vice President and...