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Friday, June 28, 2013
BlackBerry reports Quarterly Loss Despite Increased Smartphone Sales

BlackBerry on Friday reported a quarterly loss and forecast an operating loss in the current quarter, despite the increased smartphone shipments.

The Canadian company reported a net loss of $84 million in the fiscal first quarter ended June 1. That compared with a year-earlier loss of $518 million.

Excluding one-time items, BlackBerry reported a loss from continuing operations of $67 million, on revenue of $3.1 billion.

Blackberry also reported shipments of 6.8 million smartphones, up 13% sequentially from the previous quarter. The company also shipped approximately 100,000 BlackBerry PlayBook tablets.

"During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform," said Thorsten Heins, President and CEO of BlackBerry. "We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions. Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers."

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