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BlackBerry could post a profit next year, helped by the launch of its Priv model, as the company recovers after a bruising few years that saw it lose its dominant position in the smartphone market.

"The company is doing reasonably well now, from a financial standpoint, so now our focus is to grow our businesses," CEO John Chen told CNBC at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Manila.

"We still have very high fixed costs but

For the three months ended August 29, BlackBerry reported a quarterly loss of USD 66 million, excluding one-time items like a non-cash credit tied to the value of debentures and restructuring charges.

The Toronto-based firm's first Android-powered device, the Priv, has received mostly favorable reviews following its official launch earlier this month.

"This

In the past, BlackBerry phones were criticized for a lack of apps but the Priv's Android software will open up the developer application program interface (API), Chen said.

First Published:Nov 17, 2015 1:54 PM IST