In a surprise to no one, BlackBerry has announced that it will no longer design and build its own phones due to falling profits.

After 14 years, the company has announced that it plans to outsource hardware development to partners – like Alcatel which built BlackBerry’s last phone, the DTEK50 – and will instead focus on software.

Quoted in a company press release, John Chen, executive chairman and CEO of BlackBerry said: "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.”

Chen remained tight-lipped about whether or not we can expect to see a new BlackBerry phones in the near future, however given today’s news it seems unlikely we’ll see a new BlackBerry for some time, if at all.