BlackBerry Goes Android With New *Priv* Phone, BBRY Q2 Loss Wider Than Expected
@ BlackBerry announced Friday it © is releasing an Android phone, after financial reports revealed the company*s second quarter 2016 losses were worse than expected.// A flagship device, known only at this stage as the **Priv,** is the first device revealed by the company that will run Android.//
@ The news came alongside a disappointing set of quarterly financial results.// Losses excluding some items were 13 © cents per share, or $84 million, in the period ending August 29.// Estimates placed losses around 9 cents per share.//
@ One analyst had called on BlackBerry to release an Android phone before the announcement.// © Daniel Chan from Scotia Capital said the company could save $266 million per year by scrapping BlackBerry 10 and switching to Android.// While the platform is **technologically superior,** it is also **the primary source of losses** for BlackBerry, Chan said.//