BlackBerry Enlists Foxconn to Make Phones as Sales Plunge
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BlackBerry Ltd., the struggling smartphone maker, struck a five-year deal with Foxconn to manufacture its devices, following another quarterly plunge in sales and mounting losses.
Foxconn will make products for BlackBerry at plants in Indonesia and Mexico, according to a statement today. BlackBerry will own all of its intellectual property and handle quality assurance through Foxconn, an Apple Inc. supplier and the world’s largest manufacturer of electronic products.