BlackBerry Misses Sales Estimates After Smartphone Writedown

Chief Executive Officer John Chen is pushing to increase software sales while finding a way to wring profitability from the company’s shrinking smartphone division. Chen has said Blackberry’s first Android phone, the keyboard-equipped Priv, didn’t sell as well as he had hoped because it was too expensive. The company is working on two more Android phones, including a cheaper option, but Chen has said he may cut the unit altogether in September if he can’t make it profitable.