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News: BlackBerry loses $84M inspite of increased shipments, revenues

Using this platform techmoses is informing the general public that the world rulining phone is partially decreasing due to the financial r...

Using this platform techmoses is informing the general public that the world rulining phone is partially decreasing due to the financial results for the quarter that ends June 1. The company saw anuptick the two previous quarters, but this quarter ended with an operating loss of $84 million.

 Also the revenue was up to$3.1 billion, 15% higher than the previous quarterand 9% more than the year ago quarter. Shipments were up too – BlackBerry shipped 6.8million devices, up from 6 million in the previous quarter.
According to the reporter the BlackBerry Z10s were shipped was un revealed to the press, but the previously it was 1 million. The Z10 was the sole shipping BlackBerry 10 product, but this quarter it was joined by the more affordable, QWERTY-equipped Q10. The lower-end Q5 launched at the beginning of the next quarter in the shifted fiscal year of the Canadian company. As for BlackBerry's sole tablet, the PlayBook, it shipped 100,000 units.

Reports has it that BlackBerry increased revenue from the following
North America (30%),
APAC (35%) and
EMEA (9%), but the Latin American revenue was dropped by 6% (BlackBerry is blaming Venezuela's foreign currency restrictions).

The end of the quarter BlackBerry's cash, equivalents, short and long-term investments total was about $3.1 billion, up from $2.9 billion at the end of the quarter before that. BlackBerry expects to continue losing money over the next quarter too, but the company will continue its cost cutting efforts and focus on the BlackBerry 10 OS,Enterprise Service 10 and BlackBerry Messenger.

Update:Uh-oh. Investors didn't react kindly to BlackBerry's financial report and the company's stock took a massive beating - it's down over 26% at the time of writing. This is total money increase and decreases.


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Welcome to TechMoses: News: BlackBerry loses $84M inspite of increased shipments, revenues
News: BlackBerry loses $84M inspite of increased shipments, revenues
Welcome to TechMoses
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