With its share of the global smartphone market now under .5%, BlackBerry CEO John Chen might have to make a hard decision concerning future sales of handsets. An amazing report issued by Morgan Stanley last week suggested that the company has sold only 8000 units of the BlackBerry Passport and BlackBerry Classic during this current quarter. Consider that AT&T is selling both models, that seems quite hard to believe. Morgan Stanley’s James Faucette says that BlackBerry will have to hustle to sell 2 million to 3 million old-school BlackBerry Classic units in fiscal 2016.
Last quarter, BlackBerry brought in $793 million, a 33% drop year-over-year. In order to reverse this trend, BlackBerry has started offering its BlackBerry Protected, a secure IM client that eliminates “man in the middle attack” allowing the encryption keys to be generated by both phones involved in the chat.
