The Blackberry CEO in his speech during the company's annual general meeting reportedly asked the investors to keep patience as the company is in a 'transition phase', and would soon return to profitability.
Blackberry, now formally changed into Research In Motion Ltd. Recently faced steep drop in its shares of about 28 percent which caused several analysts to issue downgrades, however, CEO Thorsten Heins said that analysts overestimated company's future performance, Globe and Mail reports.
According to the report, Heins outlined a vision for Blackberry which would effectively see the company transform from a device maker to an all-round service provider.
As Blackberry has completed its first stage of the turnaround process by launching a suite of new handsets and services running on the new BlackBerry 10 operating system, the next stage will focus on investing in more BlackBerry 10 products and leveraging popular services, such as BlackBerry Messenger, on other devices, including Apple Inc.'s iPhone.
Heins said that in stage three which is aimed at positioning the company in the centre of 'the Internet of things' including web-connected devices other than traditional computers, the company would move from mobile communications to mobile computing.
He further promised the investors that, even if BlackBerry never regains its position as the dominant player in the smartphone industry, it does have a future, the report added.
