Canadian company Blackberry is to stop making phones after 14 years in the business. Blackberry used to be the first choice for business executives (it provided access to emails) but has lost out to competition from touch screen rivals Apple and Samsung.
John Chen, the company’s executive chairman and chief executive, said: “We are focusing on software development, including security and applications. The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital.”
The company now controls just 0.1 percent of the global smartphone market, after being extremely popular ten years ago. We chart their journey from rise to fall.
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