Chen: iCloud hack would not have happened on BlackBerry's network
Unlike the previous administrations running the company, Chen understands that he is working for BlackBerry shareholders. "I love phones," he said. But, he added, "I equally like making money." To that end, the executive says that he hopes that the two latest releases, the business-centric BlackBerry Passport and the old-school BlackBerry Classic, will first stabilize the installed base, and then bring in a lot of new customers. He characterizes BlackBerry handsets as being productive, secure and private, with a big battery.
Talking about the man he replaced as CEO, Chen said that Thorsten Heins might have been with the company too long. When he first replaced Heins, Chen said the company was spending $1.1 billion more than it was taking in, which he knew was not sustainable. The next quarter saw a decline to $775 million of red ink, followed by a loss of $255 million. Then came a return to operating profitability in the amount of $46 million. It truly seems that BlackBerry has turned the corner.