BlackBerry will stop manufacturing the hardware for its smartphones and instead outsource that to partners, the Waterloo-based company said on Wednesday as it reported another loss and sharp drop in revenue. The net loss came to $372 million US, or 71 cents a share, on revenue of $334 million, as the company booked $147 million in charges from its reorganization. A year ago, it reported a profit of $51 million, or 24 cents a share, on revenue of $490 million. "The company plans to end all internal hardware development and will outsource that function to partners," BlackBerry said. That means the company plans to work with other technology manufacturers to build devices that are branded as BlackBerrys and come with all the company's software and internal workings.

Source: CBC News September 28, 2016 11:37 UTC