Toronto-based original device manufacturer Celestica on Monday announced
that it will stop producing hardware for struggling mobile device
vendor Research In Motion. Celestica stated that it will wind down manufacturing services related to BlackBerry devices over the next three to six months, and it expects restructuring charges to be less than $35 million.
RIM reported earnings for its fourth fiscal quarter
in late March, missing expectations and painting a bleak picture for
its first two quarters in fiscal 2013. The vendor also announced that it
would take a $1 billion charge related to unsold BlackBerry device
inventory. RIM will not launch its first BlackBerry 10 smartphone until late this year, and industry watchers are expecting stiff competition from Apple’s next iPhone and a variety of new Android smartphones. Celestica’s full press release follows below.
