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John Chen Talks BlackBerry Ltd (BBRY) Before, Now, and Later

BlackBerry Ltd is in the news again as Android Authority leaks new photos of the Android device that BlackBerry is reportedly making. This is the first time that pictures of the BlackBerry Venice android phone will be leaked, since all previous leaks only had computer renderings of the phone. BlackBerry has not released an official statement to confirm or deny that it was making an Android device but the rumors, hints, and leaks are simply too overwhelming to be dismissed as something from the grapevine.

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The leaked pictures of the device shows it might be running a stock version of Vanilla Android with a nice mix of native BlackBerry tweaks. The device might also have keyboard shortcuts for quick tasks as well as some software shortcuts when you swipe the home button. It is no longer news that the device will sport a slider physical keyboard and the said keyboard is obvious in the leaked images. It has been hinted that the device will be powered by Snapdragon 808 chip at 1.8GHz with 3GB of RAM.

John Chen says Hardware is key to Turnaround

BlackBerry CEO, John Chen gave some insights to the plans of the firm going forward while speaking at the Waterloo Innovation Summit on Thursday. He looked back on how bad things were at the firm before he came on board. He said, “When I came in, we were burning a lot of cash — chasing a lot of innovation, which is good — but customers [were worried] about our staying power”.

He also spoke about the current state of the firm. He was quoted saying, “Right now, our only success is we saved this company from going away.” He noted that the market might need to exercise more patience with the firm going forward because “The hardest thing is patience. We don’t let the market or competition dictate the pace. Good things take time.”

When asked about the turnaround plans of the firm, he said innovation is the key that will take the firm back to its glory days. In his words, “[Innovation] is going to be our ticket to come back to [Blackberry’s] glory state.”

BlackBerry won’t give up on phones

The CEO noted that many people can’t see the sense in BlackBerry’s desire to continue making smartphones when it has clearly lost ground to Apple’s iPhones and phones running on Google’s Android OS. In fact, Microsoft’s Windows phone have a bigger market share than BlackBerry . However, Chen noted that handsets are an important part of the firm and that he is still committed to the “one, maybe two” phone per year plan.

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Victor Alagbe is a seasoned business and finance writer with a specialty in writing about how to invest for the long-term in healthcare, pharmacology, energy and tech stocks. His long-term focus is on stocks that provide a nice mix of growth and income. For the short term, he passionately writes about trading stock options for the excitement and leverage that stock options offer.

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