BlackBerry shares gained as much as 17% after the Canadian smartphone maker's announcement on Friday that it would enter into a five-year manufacturing deal with
According to a report from Reuters, The deal will initially cover budget handsets for emerging markets, but is expected to broaden in time to cover premium models.
Under the terms of the unconventional deal, BlackBerry will not pay up front for phone components.
BlackBerry's recently appointed CEO,
"It's almost like BlackBerry is disposing of its consumer handset business without actually disposing of it," said Jefferies analyst
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