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Jabil Circuit backing down as Blackberrys manufacturer

With Blackberry facing near billion dollar losses in Q2 and the probability of a $4.7 billion dollar buyout by Fairfax Holdings the company also has to deal with Jabil Circuit, the manufacturer for Blackberry, looking to disengage from their relationship. Blackberry composes 12% of what Jabil manufacturers behind Apple at 19%. For Jabil is has to be a difficult decision to rethink the relationship with Blackberry but the results to the companies balance sheets because of Blackberrys demise are causing the company difficulty. If the relationship were to cease and Jabil no longer manufactures Blackberry product it would be a huge loss to both companies, it would be costly for Jabil because it would take time and result in closing factories and laying off workers. Read more…

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