BlackBerry’s new CEO, John Chen, has been quite blunt with his attempt at steering the BlackBerry ship back to profitability. In a recent interview with The Financial Post, Chen says he believes the company has a 50% chance at a successful comeback.

In order for BlackBerry to regain lost marketshare, Chen says the company’s success or failure is dependent upon how well he and his team execute.

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Despite losing key corporate and government clients, Chen says they must remain positive and focused on “our heritage and roots — delivering enterprise-grade, end-to-end mobile solutions.”

We’ve seen Chen begin commandeering BlackBerry to success with the recent Foxconn deal, which will aid in creating low-end devices such as the BlackBerry Z3. Furthermore, Chen and team is working to position BBM as a premier multi-platform communication tool in the consumer and enterprise environments.

Chen says he expects BlackBerry to stabilize financially by next year and then see consistent profitability by 2016.