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"Struggling BlackBerry has inked a five-year deal with Foxconn to make phones for the Indonesian and other \"fast-growing markets\" following a $4.4 billion third-quarter loss. \nIn a press release explaining the move, CEO John Chen said he sees those foreign markets as a key to a BlackBerry turnaround.\nSee also: BlackBerry to Customers: We're Not Going Anywhere\n\"This partnership demonstrates BlackBerry\u2019s commitment to the device market for the long-term and our determination to remain the innovation leader in secure end-to-end mobile solutions,\u201D Chen said. \u201CPartnering with Foxconn allows BlackBerry to focus on what we do best \u2013- iconic design, world-class security, software development and enterprise mobility management \u2014 while simultaneously addressing fast-growing markets leveraging Foxconn\u2019s scale and efficiency that will allow us to compete more effectively.\"\nThe move comes as BlackBerry has reported a GAAP loss of $4.4 billion for its third quarter. Revenues for the quarter were $1.2 billion, down 24% from the previous quarter. During the quarter, the company \"recognized hardware revenue\" on about 1.9 million BlackBerry smartphones compared to 3.7 million in the previous quarter. \nInvestors seem to like the direction: BlackBerry's stock was up about 3% in premarket trading. \nThe Asia Pacific market hasn't been a huge source of revenues for BlackBerry. According to the company, the region accounted for $169 million in sales, or 14.2%, in the third quarter, almost exactly the same proportion as a year ago. \nImage: Joe Raedle/Getty Images"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2013/12/20/blackberry-foxconn/>