Blackberry Announces That They Will No Longer Make Mobile Phones Due To Heavy Losses In Last Quarter . . One-time tech giants BlackBerry Ltd will outsource manufacturing of its hardware henceforth, including its flagship smartphone, the Waterloo-Ont.-based company said on Wednesday as it reported another loss and sharp drop in revenue. . . . The company also said chief financial officer James Yersh would leave effective Oct. 1 for personal reasons. It announced former Sybase executive Steven Capelli as his successor. The net loss came to $372 million and worse still, the company’s second-quarter revenue fell 31.8 per cent from last year forcing the board of directors to make drastic decisions as such. . . . As a last resort, in October 2015, Blackberry changed the direction of its handset business by producing its first smartphone running Google’s Android operating system, rather than its own BB10 software. . . . However, owners of the franchise have admitted the device, which featured a slide-out physical keyboard, was too expensive to appeal to a mass market. The company has since launched a less expensive touchscreen-only Android handset, based on a phone released by Alcatel owner TCL.
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