Tag: john chen

CEO John Chen unwavering in BlackBerry smartphone profitability goal

He believes that the enterprise security features will set these handsets apart from the competition.

CEO John Chen has revealed that he is still pursuing his goal of returning BlackBerry smartphone sales to profitability, despite the fact that the company has only just managed to escape from the brink of complete disaster.

It is Chen’s belief that the mobile security in the company’s handsets are head and shoulders over other manufacturers.

Chen explained that when it comes to mobile security, there simply isn’t any comparison to a BlackBerry smartphone He said that they offer far greater security features on enterprise devices than is available on any other manufacturer’s gadgets. The CEO also went on to state that the smartphones made by BlackBerry function as a jumping off point for the company to be able to market its other broad range of security options.

While the company can secure Android and iPhone devices, Chen says that there is nothing like a BlackBerry smartphone.

Blackberry Smartphone - Profitability GoalThe CEO explained that Android smartphones and iPhones can have their mobile security levels enhanced through BlackBerry technology, but that when it comes down to it, the highest level of protection is available through one of the company’s own handsets. This belief helps to explain why Chen has chosen to adhere to his intentions of moving forward within the device business in order to focus on other components of the mobile industry.

He also explained that the U.S. Army is continuing with “rolling out all BlackBerry,” and he added that if he should “tell them there are no more phones, I lose that account. The question is how do you make phones profitable at the volume those people represent?”

During the most recent quarterly earnings announcement, the handset maker from Windsor, Canada, revealed that it had 1.6 million devices within that span of time. Though this number is certainly only the smallest sliver of the mobile technology market as a whole (Apple’s equivalent figure was 61.2 million), it does help to show that the BlackBerry smartphone does appear to be hanging in there when compared to previous recent quarters.

BlackBerry posts profit that gives CEO turnaround hope

John Chen is feeling a good deal better about the company’s prospects regardless of slumping sales.

Outspoken BlackBerry CEO, John Chen, has spent his time at the helm of the company showing that he is not afraid to do things differently in order to allow the Canadian handset maker the opportunity to claw its way back into relevance and profitability and now, despite its slumping sales, it looks as though things have, indeed, been turning to a positive direction.

It now looks as though this has been only a time of sowing seeds that he now feels will spike mobile device sales.

That said, the latest sales results that BlackBerry has revealed have shown that there is still a long way to go before the company can truly feel that it is out of the woods. Indeed, it seems as though the direction that the company has taken is toward a positive turnaround, but at the same time, the efforts remain at the ground level. The genuine growth has yet to kick in. These latest announcements have caused the company’s stock to take a rollercoaster’s path, as analysts struggled to process the true meaning of the good and bad earning news.

There were a number of very important points that were revealed in the recent BlackBerry announcements.

BlackBerry CEO John ChenWhile the sales from the company’s fourth quarter had plummeted by 32 percent when compared to the same quarter the year before, reaching only $660 million (even managing to miss the lowest estimates of $783.1 million for that quarter), there were areas in which the company still did very well. For instance, it sold massive sale of patents and took in a tax recovery of $29 million which boosted the company into an adjusted profit position. In fact, its profit was a boost of $0.04 per share. This represented the second consecutive quarter in which it managed to beat its bottom line after having undergone six painful quarterly losses in a row.

Chen was very positive and spoke to shareholders and analysts during his BlackBerry earnings call, saying that after the company had struggled to the point of nearly drowning, its “financial house is in order”. He also pointed out that the changes that he has made since he took the head position of the company have now started to bear fruit.