BlackBerry cancels two smartphones
Blackberry has cancelled two of its upcoming smartphones along with its Blackberry Live event.
The troubled Canadian smartphone maker wrote in its earnings report that it had “made the decision cancel plans to launch two devices to mitigate the identified inventory risk”.
It released its earnings report on Friday. However, the information was buried deep within the report and was only found by the Wall Street Journal on Monday.
According to the report, the two smartphones that won’t be making it to market were codenamed Café and Kopi. Neither phone was expected to be released in the US or Europe.
Instead, they are believed to have been bound for developing markets.
The company did not elaborate on what the identified risk was. However, it is likely that the company may now seek to sell some of its unshipped stock in those markets at a lower price.
BlackBerry also revealed on Friday that it would not be hosting its annual BlackBerry Live event in 2014. Instead, the company said it would focus on “smaller, targeted events” around the world over the next 12 months.
BlackBerry Live has been held in one for or another since 2002.