Our new Mobility Solutions strategy is showing signs of momentum, including our first major device software licensing agreement with a telecom joint venture in Indonesia. Under this strategy, we are focusing on software development, including security and applications. The company plans to end all internal hardware development and will outsource that function to partners. This allows us to reduce capital requirements and enhance return on invested capital.
End of an era, but not exactly unexpected. This leaves the Priv as the only – ad probably last – modern keyboard smartphone, which is really, really too bad.