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Oct 3, 2016 at 11:11AM BlackBerry () recently announced that it will stop developing its own smartphones and outsource the production of future devices to its partners instead. In a statement, CEO John Chen said that the move 'allows us to reduce capital requirements and enhance return on invested capital. Soil Mechanics By Gopal Ranjan Pdf. ' That decision isn't surprising since Chen previously stated that BlackBerry would quit smartphones if the unit couldn't turn a profit. Last November, Chen said that the hardware unit had to sell 3 million to 5 million phones annually to break even. However, BlackBerry sold only about 900,000 phones in the first half of this year.