New BlackBerry CEO Says Handset Business Is Safe

Posted by at 2:24 pm on November 4, 2013

BlackBerry’s new chief executive officer, John S. Chen, today said that the company has no plans to shutter its smartphone business unit.

“I know we have enough ingredients to build a long-term sustainable business,” said Chen, speaking to Reuters. “I have done this before and seen the same movie before.” Chen is confident that the company has all the right ingredients to stage a meaningful comeback.

Chen is taking the reigns from Thorsten Heins, who is exiting the company after arranging a $1 billion investment from Fairfax Financial Holdings and other firms.

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