2013 a year to forget for BlackBerry19
Other new BlackBerry 10 handsets followed. There was a lot of hope placed on the launch of the QWERTY-equipped BlackBerry Q10. Even Heins was hopeful that the physical QWERTY would attract long time BlackBerry users. But the Q10 also failed. The last device launched during the Thorsten Heins era was a device that he had said back in March that he was excited about, the BlackBerry Z30. But the first 5 inch 'Berry, with a 2880mAh battery, couldn't help.
By September, the writing was on the wall. The company said that it wanted to be sold by November and 19 days later, BlackBerry's largest stockholder agreed to buy the company for $9 a share and take it private. Despite talk that other big names were circling the company, like Cisco, Google, Microsoft and others, no other deal surfaced. Then, during the first few days of November, Fairfax Financial pulled out of the privatization deal, replacing it with a $1 billion funding package. Thorsten Heins left with a $22 million golden parachute, and John Chen was named as CEO.
Following the announcement of a massive $4.4 billion fiscal third quarter loss (after a one-time charge), Chen announced a five year deal with Foxconn under which the contract manufacturer will design, build, and warehouse low and mid-range models for emerging markets. BlackBerry itself will still build high-end models with two such handsets in the works.
An article in the New York Times on Tuesday mentioned how uncool it is to own a BlackBerry these days. But some are still forced to for security reasons to use a 'Berry (we're looking at you, Mr. President) and some still report how they can't type a paragraph on the iPhone, but can type 10 pages using the physical QWERTY on the BlackBerry.