Blackberry hangs up the phone to focus on selling software and services

Blackberry is hanging up the phone on internal hardware development and will start concentrating on selling software and services, effective immediately. The Canadian group will licence its brand and hardware to third-party manufacturers. They will then develop phones bearing the Blackberry logo. In its prime the company was valued at 80 billion US dollars, but it suffered in the face of fierce competition from the likes of Apple and Samsung.