Foxconn And Fairfax Financial Holdings Firm Gets BlackBerry Back From Near Ruin

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Posted 3 years ago

HR

Foxconn And Fairfax Financial Holdings Firm Gets BlackBerry Back From Near RuinAfter almost selling the farm as billions of dollars were lost as BlackBerry business reports have indicated in past recent quarters, a cool $1 billion can go a long way. Fairfax Financial Holdings upped the capital for BlackBerry. Add to that what the ticker says.

Taiwanese manufacturer Foxconn have come aboard too, prompting good sales figures to emerge.

Witness the surge of 12% today in trading as the result of a partnership struck up between BlackBerry and Foxconn. It is to be a five-year deal.

Targeting the creation of smartphones for “fast-growing markets”, including Indonesia is the joint strategy, and it is expected that the first Foxconn devices will be out in about 3 or 4 months from now.

Rich Casale

HR

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