700k BlackBerrys Sold In Previous Quarter: RBC Capital Markets

By Anuj

BlackBerry's handset business is in mess, to say the least. RBC Capital Markets on Tuesday cut its sales outlook for BlackBerry's Classic and Passport by half.

BlackBerry Passport In Pictures

700k BlackBerrys Sold In Previous Quarter: RBC Capital Markets

According to the securities firm, the sales of the two smartphones of BlackBerry to drop to 700,000 from its earlier projection of 1.4 million units .RBC's analysts cite figures of 3.2 million Passports and Classic handsets being sold throughout the fiscal year of 2016, which is yet another disappointment based on its previous estimate of 6.5 million units.

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"The device business is becoming less relevant for the long-term future of BlackBerry and we're taking the unit discussion off the table," the analysts said.

However, RBC suggested that BlackBerry's software sales will likely to be the real star over the poor hardware performance. "We're slashing our estimates on BlackBerry hardware units, but it's not the focus anyway," RBC said in a research note to clients

700k BlackBerrys Sold In Previous Quarter: RBC Capital Markets

It looks like BlackBerry's handset division is in a lot of trouble but analysts still feel that chief financial officer John Chen can turn around the negative tide.

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In an interview to Business Insider, BlackBerry's current CEO has told the publication that the smartphone unit is on the brink of making a significant profit. He believes, customers requiring security driven features are the key consumers to be targeted.

700k BlackBerrys Sold In Previous Quarter: RBC Capital Markets

Chen said, "I can only make iPhone so much more secure, but I can't make it as secure as a BlackBerry device".

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