World News

Smartphone Maker BlackBerry May Sell Itself

Financially struggling smartphone maker BlackBerry says it may sell itself.

Canadian-based BlackBerry said Monday it would consider a sale or joint ventures and partnerships with other companies. It recently introduced three new versions of its smartphones, but its market share has continued to decline.

BlackBerry once controlled nearly half of the smartphone market in the world, but now its share is less than 3 percent. The market is dominated by wireless companies using Google's Android operating system and Apple's iPhone.

In an effort to regain its financial footing, BlackBerry has laid off 5,000 workers and closed some of its manufacturing plants. The value of the company has declined by more than $70 billion in recent years.

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FILE - Migrants wait to disembark from the Italian Navy Ship "Grecale" at Pozzallo harbour, Sicily, May 13, 2014.

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