Foxconn and BlackBerry Teaming Up ?

Last week shares of BlackBerry Ltd (BBRY) jumped from a low $6 to nearing the $8 in just a couple of day and the reason to that has many people looking into the joint venture with Foxconn a benefit towards the phone maker itself but I'll have to disagree on that. In fact it seems to be the reverse where Foxconn would benefit more towards this joint  venture.

I think we all know that device sales of BlackBerry dropped pretty bad with the introduction of touch screen capabilities for other devices. With that BlackBerry has been losing lots of its market share over the years until they finally brought in the BlackBerry Z10 with a full capacitive touch screen technology that replace their old fashioned full QWERTY keyboard on device thingy. When that model came out, the company shares plunged further knowing that the demand for their new devices are low. Problems after problems and now Foxconn wants part of it and everyone is jumping in. Seriously?

BlackBerry Z10

They only thing I can think of that would benefit Foxconn is that they are trying to build the processors for future BlackBerry phones just to be competitive in the mobile devices industry. At this particular period of time, the joint venture with BlackBerry seems to be a good move because the company value is relatively cheap compared to other phone makers. The technique that Foxconn implemented was somewhat similar to the buying of Nokia by Microsoft Corp (MSFT) where Microsoft realized that Nokia is relatively cheap and owns a full scale production facility and well as research making it ready to run. Similar to Microsoft that wanted to build its mobile OS market share by teaming up with Nokia, Foxconn wanted to build its mobile devices microprocessor market share by teaming up with BlackBerry. Both Nokia and BlackBerry were just very good and capable companies but was put off course with slow development on their side. I believe the future of mobile devices to be fairly equal with all makers getting a good amount of market share but don't really think that BlackBerry is up for it.

In the near future we might possibly see something like

Nokia = Windows Phone, Intel Microprocessors
BlackBerry = BlackBerry 10, Foxconn
Apple iPhone X = iOS, A7 chip
Samsung = Google Android, Qualcomm

In conclusion, I still believe that BlackBerry isn't worth investing for the long term seems growth have been declining over the years. Earnings Per Share (EPS) has been declining over the  years forecast to be much less in the next 5 years with sales revenue forecast to drop as well. Every stock facts about this share are just bad and contains a lot of negativity. So are we really expecting that this company might not just go bust? Maybe Foxconn would bail them out I don't know... Just too many uncertainties for BBRY at the moment.
The current jump of $2 would just not show much towards the long term.