Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) (or BlackBerry’s) Q10 has bagged a pre-order of about 2 million devices from none other than the Chinese government, according to a report from Stockhouse.com.
The report says “Hong Kong (CCTV) Apr. 5/2013,
The Chinese Bureau of Economic and Cultural Development has signed an intent to purchase 2 million Blackberry Q10 handsets according to filials with FYD Enterprises in Macau.
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FYD (Fugyudum) Enterprises owns and operates a chain of for-profit educational faculties in nearby Guangdong and Yudumtu provinces as part of the mainland government’s recent econonomic liberalization initiatives in specified zones within these 2 provinces.
A source close to the company says the Q10?s will be distributed to the Faculties of MobileHacking and Cyber Warfare.”
According to the report, the Chinese Bureau of Economic and Cultural Development has entered into an agreement with Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB) to buy 2 million Blackberry Q10 handsets. The report further says that Q10s will be given to the Faculties of Mobile Hacking and Cyber Warfare.
Previously, Blackberry devices were widely used by governments and enterprises due to its high level of security, and also because of the facility to remotely monitor information exchanged through the network. However, with the changing technology and more advanced version of iOS and Android, Blackberry devices took a back seat at work and government offices.
If the rumors are true, it will be a major boost for Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB). In more good news for Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB), Telefonica S.A. (NYSE:TEF) (MCE:TEF) has been given a loan £170 million by Canada, which will be used by the European telecom firm to buy the devices and services of the BlackBerry maker.
The funds have the backing of the Canadian Government and is granted by Export Development Canada (EDC). According to EDC, the loan will “facilitate BlackBerry market share growth within Telefónica”.
The device in question here, Q10 was launched along with Z10. The performance of these two devices will play an important role in the success of Research In Motion Ltd (NASDAQ:BBRY) (TSE:BB). Last year, the Ontario based mobile maker, lost 4 million users among the business and domestic class.