BlackBerry had some good news for us this morning in the form of a strategic partnership finally forming. They have signed a 5 year joint development and manufacturing agreement with Foxconn. This will let them target Indonesia in early 2014 and other fast growing markets with cheaper devices. Here is what CEO John Chen had to say about the move:
"This partnership demonstrates BlackBerry’s commitment to the device market for the long-term and our determination to remain the innovation leader in secure end-to-end mobile solutions," said John Chen, Executive Chair and CEO of BlackBerry. "Partnering with Foxconn allows BlackBerry to focus on what we do best – iconic design, world-class security, software development and enterprise mobility management – while simultaneously addressing fast-growing markets leveraging Foxconn’s scale and efficiency that will allow us to compete more effectively."
According to the announcement this is how the deal breaks down:
Under the partnership, Foxconn will manufacture products for BlackBerry at facilities in Indonesia and Mexico. BlackBerry will own all of its intellectual property and perform product assurance on devices through the Foxconn partnership, as it does currently with all third-party manufacturers.