Gears up to launch sub-$200 smartphone

Written by Reuters | Barcelona | Updated: Feb 26 2014, 08:11am hrs
BlackBerry unveiled a new, cheaper smartphone on Tuesday as it tries to stem losses and win back customers in emerging economies where customers are gravitating toward devices powered by Googles Android operating system. The device is being built under a partnership deal with FIH Mobile the Hong Kong-listed unit of Taiwanese electronics giant Foxconn.The device is codenamed Jakarta and will first go on sale in Indonesia in April for under $200.