After riding high in the smartphone market, Blackberry may now consider a retreat.

Mobile phone manufacturing giant BlackBerry, which was once dominant in the smartphone segment, might think of exiting the handset market if its business continues to be unprofitable.

The idea was given by the chief executive officer on June 11, 2014. The company is now looking forward to expand its reach within the investments, partnerships and acquisitions sector.

John Chen, in an interview said, “If I cannot make money on handsets, I will not be in the handset business”. Chen added that the time frame for such decisions is short and that they would not be more specific, but added that it must be possible to make money off the shipments of as few as 10 million in a year.

BlackBerry had shipped 52.3 million handsets in the financial year 2011, while in the last quarter it recorded a meagre revenue of less than 2 million.

Chen had taken the responsibility of the company in November, 2013 and had said that it was looking forward to invest or team up with other companies in some of the regulated industries like healthcare, legal services and financial services.

All of these industries need highly secure communication. Chen informed that they are developing an engineering team on the service side which is focused on security.

Photo Credits: NDTV

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