Despite reporting a quarterly slump, BlackBerry is still alive and kicking, with Chief Executive Officer John Chen holding his breath on the never-say-die fight of the company to regain its position in the market.
On Tuesday, BlackBerry confirmed that it's got another dismal quarter. The fallen cellular phone innovator may be seeing a bleak future, but Chen is not willing to give up without putting a fight in the market.
As of now, BlackBerry is seeing a 5-cent loss per share. At $658 million, the company's quarterly revenue isn't as remarkable as its early day glory, and it is even 3 percent below than what the company was expecting, reports USA Today.
Despite the setback, Chen has announced that BlackBerry will still remain in the handset-manufacturing business, without spilling details on the upcoming releases this year.
"I'm always asked, 'why are we in the handset business?'" Chen told shareholders at BB's AGM on Tuesday. "I think we have a chance to make money. The handset business is not only reputational, but an entry point to security. We have a lot of know how and patents that at least allow us to have that dream."
Chen then went on to share his thoughts on BlackBerry's partnership with Samsung saying, "We could secure other people's devices, and we are doing that. Our software will manage Samsung's Knox device, their most secure phone. But the way we build our phones [means] it's the most secure phone one could buy," The Register has learned.
Chen maintained that while the company's main handset sales are going down year after year, its hardware-manufacturing relationships enable the company to continue thriving in the market.
"The relationships will take the financial burden off our income statement and will allow us to make devices," the BB CEO said.
Chen is focused on achieving a $500 million goal in software revenue by March 2016, according to Bloomberg.
"It's just safe to say I'm satisfied with the ability in the IP pipeline this fiscal year that will help us reach our 500 million target," Chen said.
Meanwhile, the company's positive cash flow is said to be what's keeping it alive amid the quarterly loss. This quarter alone, BlackBerry generated $134 million with $11 million spent on capital expenditures.
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