John Chen 99% Sure BlackBerry Will Survive

Back in 2013 there were many doom and gloom predictions for BlackBerry. Many had speculated that BlackBerry could end up selling itself or at least a bulk of its patents to other companies in order to keep it afloat, but what ended up happening was a cash injection to help the company survive.

Well it looks like BlackBerry has managed to do exactly that. The company has recently churned out a couple of new handsets in the form of the BlackBerry Passport and Classic, both of which have managed to sell out via BlackBerry’s website, and the company’s recent financials look pretty good too.

Speaking in an interview with Bloomberg (via PhoneArena), BlackBerry’s CEO John Chen expressed his confidence that he was now 99% sure that BlackBerry will survive. Previously Chen had his doubts and gave it a 50-50 chance/80% chance, but it looks like he is pretty confident this time around.

BlackBerry’s recent financials revealed a positive cash flow and operating earnings also revealed a 1 cent share profit, although on a net basis it looks like the company is 28 cents a share in the red. Chen also went on to reveal that the company had managed to sell 93% of its inventory last quarter and that they are still working to catch up to back orders of the Passport.

Tyler Lee
Categories: Cellphones
Tags: BlackBerry