Blackberry will continue incurring losses for next two years, says analyst

Blackberry may incur continual quarterly losses for at least another two years, according to a Canaccord Genuity analyst. In a recently released investors note, Canaccord Genuity’s Michael Walkley said that while he was impressed with Blackberry’s cost-cutting moves, he did not think that the management’s long-term initiatives would help it maintain a profitable business.



According to CNET, the company’s financials may start to improve following the launch of its BlackBerry Enterprise Service this coming November. But the breakeven point may not come until fiscal 2016 comes to a close, which means March of 2016. Walkley said that with respect to BlackBerry’s hardware business, despite the recent Foxconn partnership, it will remain difficult for BlackBerry to maintain a profitable hardware business as a sub-scale smartphone supplier versus larger global OEMs Apple and Samsung and a very large group of price-aggressive Chinese Android OEMs.