Wednesday, June 03, 2015
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Microsoft Showcases new Windows 10 Devices At Computex 2015
Corning's new Eagle XG Slim glass In Just 0.4mm Thick
Plextor At Computex 2015
Samsung Mobile Payment System Coming In September
Toshiba Partners with Microsoft to Deliver New Internet of Things Solutions
Kingston Releases USB Type-C Flash Drive
AMD Targets Notebooks and All-in-Ones With 6th Generation A-Series Processor
Computex: Micron Announces New High-Capacity, 16nm Triple-Level-Cell NAND
Active Discussions
Copy a protected DVD?
roxio issues with xp pro
How to burn a backup copy of The Frozen Throne
Help make DVDInfoPro better with dvdinfomantis!!!
Copied dvd's say blank in computer only
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > Mobiles > BlackBe...
Last 7 Days News : SU MO TU WE TH FR SA All News

Thursday, March 28, 2013
BlackBerry Posts Profit


BlackBerry on Thursday reported a quarterly profit and said it shipped 1 million of its new Z10 smartphones in the period.

"We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the company returning to profitability in the fourth quarter," said Thorsten Heins, President and CEO. "With the launch of BlackBerry 10, we have introduced the newest and what we believe to be the most innovative mobile computing platform in the market today. Customers love the device and theuser experience, and our teams and partners are now focused on getting those devices into the hands of BlackBerry consumer and enterprise customers."

Heins added, "As we go into our new fiscal year, we are excited with the opportunities for the BlackBerry 10 platform, and the commitments we are seeing from our global developers and partners. We are also excited about the new, dynamic culture at BlackBerry, where we are laser - focused on continuing to drive efficiency and improve the company's profitability while driving innovation. We have built an engine that is able to drive improved financial performance at lower volumes, which should allow us to generate additional benefits from higher volumes in the future."

Revenue for the fourth quarter of fiscal 2013 was approximately $2.7 billion, down $49 million or 2% from approximately $2.7 billion in the previous quarter and down 36% from $4.2 billion in the same quarter of fiscal 2012. The revenue breakdown for the quarter was approximately 61% for hardware, 36% for service and3% for software and other revenue. During the quarter, BlackBerry shipped approximately 6 million BlackBerry smartphones and approximately 370,000 BlackBerry PlayBook tablets.

BlackBerry said net income in the fourth quarter was $98 million, or 19 cents a share, compared with a year-earlier loss of $125 million, or 24 cents a share.

Excluding one-time items, the company reported a profit of 22 cents a share.

However, Blackberry reported a decline in its subscriber base to 76 million from 79 million during the fourth quarter ended March 2.

The company said it would be increasing its marketing investment in the first quarter of fiscal 2014 in support of the global launch of BlackBerry 10. Surpisingly, Blackberry said it would approach break-even financial results in its first quarter, based on a lower cost base, more efficient supply chain and improved hardware margins.

The touchscreen Z10 is key to BlackBerry's revival. Its introduction a month before the end of the quarter received a warm reception in Canada and a few other countries, but last week's U.S. launch was muted.

Blackberry also announced that Mike Lazaridis, having fulfilled the commitment he made to the company's board in January 2012, has decided to retire as Vice Chair and a Director of the company. Lazaridis co-founded BlackBerry nearly 30 years ago and served as a co-CEO of the company until last year when he was elected Vice Chair of Blackberry's board. Lazaridis, who last week announced the launch of his new venture, Quantum Valley Investments, will step down from the BlackBerry Board effective May 1, 2013.


Previous
Next
Google Offers Same-day Delivery in San Francisco Bay Area        All News        EMEA HDD Market Declining
AT&T, UK Carriers To Start Taking Orders For Galaxy S 4     Mobiles News      First Targeted Attack Utilising Malware for Android Devices Reported

Get RSS feed Easy Print E-Mail this Message

Related News
BlackBerry 10.3.2 and BlackBerry Blend 1.2 Coming to All BlackBerry 10 Devices
BlackBerry Cuts Jobs Worldwide
T-Mobile And Blackberry Make Peace, BlackBerry Classic Now Available
BlackBerry Advances Security of Mobile and Internet of Things
BlackBerry To Buy WatchDox to Bolster Mobile Content Security
BlackBerry Posts Quarterly Profit
CeBIT 2015: Blackberry Secures Samsung Tablets Using IBM Software
MWC: BlackBerry Unveils New Leap Smartphone
BlackBerry OS 10.3.1 Coming On All BlackBerry 10 Devices
BlackBerry Says Net Neutrality Rules Should Mandate Apple To Bring iMessage to All Platforms
Limited Edition Black And Gold BlackBerry Passport Released
Samsung, Blackberry Deny Deal Report

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2015 - All rights reserved -
Privacy policy - Contact Us .