Two decades after it unveiled its first keyboard-equipped pager, the company that invented the smartphone is hanging up.

BlackBerry Ltd., which once captured the devotion of the world’s business and political elites with its line of devices, took another massive step in its transformation into a software-first company on Wednesday, announcing that it will stop designing and manufacturing the handsets that were the foundation of its brand for security and mobility. The company will concentrate on software for other companies’ devices. While BlackBerrys will still exist, they will be made by other manufacturers that will pay royalties on the sales.

via BlackBerry shifts away from its smartphone foundation – The Globe and Mail