Black Berry and John Chen

company stock: John Chen took over as Black Berry CEO 18 months ago, according to CBC. The company, which only recognizes revenue on devices when they're sold to customers, booked revenue on 1.1 million Black Berry smartphones during the period, a steep drop from the 2.6 million phones sold in the same period a year earlier. When the details of Black Berry first-quarter results were released Tuesday morning, the dwindling popularity in phones remained a sore point. Smartphone revenue fell to about $263 million from $379 million a year ago. After reporting another loss in the first quarter, the company stock dropped about four per cent to $10.88. Device sales stalling Chen acknowledged that device sales have been "a problematic area" in recent years, but he said more phones would launch late this year at it also rolls out a broader business plan to sell more software services. "It a very important entry point to security," he said. "We have a lot of know-how and patents to at least have that dream." But signs from analysts suggest Black Berry needs to pull its head out of the clouds. (news.financializer.com). As reported in the news.