BlackBerry Q5BlackBerry today affirmed the organization is going to be producing an Android-based smart-phone, using a launch day aimed for the end-of 2015, whilst it noted a lower-than-anticipated yearly loss (via Re/code).

The firm reported that its latest quarterly reduction was 13 cents per-share on sales of about $490 million, with analysts anticipating 9 cents per-share loss on sales achieving nearer to $600 million. However, BlackBerry considers that its quarterly gains will be, boosted by its handset, called the Priv as it heads in to 2016.

“we’re dedicated to creating more rapid progress to reach profitability in our handset company,” Chen stated. The firm also announced plans this month to get rival Great Technologies for $425 million. & ldquo;From these initiatives, we expect modest sequential sales increase in all the remaining quarters of financial 2016.”

Supporting a preceding gossip from June, the smart phone is going to have fall-out computer keyboard and can join “the very best of BlackBerry safety and productivity” with Android’s strong mobile system programs, in accordance with BlackBerry CEO John Chen. The organization affirmed the BlackBerry 10 OS will be supported, and Priv will launch from the end-of 2015, finding a software update around March.

Chen also said that he’s been mindful of the organization ‘s steady decrease, and that he will remain in the company provided that there is cash to be created. & Ldquo; I’ll be out of the telephone handset company,” Chen stated, Basically can’t make cash on the phone. & ldquo;There’s a time line; I won’t inform you when.” BlackBerry expects Priv will fill a niche in the smart phone market using a device that could act as an enterprise-prepared work machine, but be fueled by Android’s “grand cellular telephone application eco-system.”

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