BlackBerry sells it’s US headquarters
In a time where finances are desperately needed, the Canadian company is laying it’s hands on anything it could find.
Information from the BlackBerry camp tells us that the BlackBerry phone maker has issued up it’s headquarters’ buildings on sale to a Canadian investment company called Brookfield Property Group.
The transaction figures hasn’t been made known yet, but it’s expected that BlackBerry will still inhabit some of the buildings on lease at least for a few years time.
BlackBerry purchased the Irving, Texas property back in 2009 and has since faced hard times which forced them to sack some workers and eventually selling off the property.
In another news, sales of BlackBerry smartphones doubled in the UAE following a recent price cut on BlackBerry products.
Ever-active CEO John Chen was excited to chip in a few words on the new development:
“Apple has to sell 58 million phones to get, I’d guess, a 10 to 12 percent margin. If you’re not first or second in phone sales, where do you get any margin? You could sell 30 million phones and lose money. I have to be realistic here.”
BlackBerry is already swimming in losses and debts and Chen better know what he’s doing or BlackBerry will face doom.