BlackBerry’s CEO John Chen has revealed he estimates the company has a 50/50 chance of successfully turning its fortunes around under his leadership. Speaking to the Financial Times, Chen said he is aiming to give the ailing manufacturer a positive cash flow by the end of the current financial year with hopes of a profit by March 2016.
Assuming that all goes to plan, Chen has high hopes the company can again become a major force in the mobile market.
Chen clearly thinks he’s the right man for the job though, pointing to his successful revival of Sybase from a slump up to a market capital of $5.8 billion. He did add that BlackBerry is “a bit more challenging”.
BlackBerry has previously stated its strategy will now focus on its enterprise business and delivering products based on its strong heritage of security and communications.
At MWC 2014 BlackBerry announced its Q20 and Z3 devices, with the former being a re-boot of the BlackBerry Q10 and offering the same Qwerty keyboard as well as re-introducing classic BlackBerry controls such a the trackpad. The Z3 is a touch-only phone aimed at developing markets and has launched in Indonesia, but Chen indicated the phone may see a wider release later.
by pbriden via Featured Articles
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