BlackBerry Narrows Loss, But Loses 4 Million Subscribers
Mobile Syrup

BlackBerry, which launched the BB10-running Q10 and Z10 at the end of January, released its results for the first fiscal quarter ended June 1, 2013. Seeing the glass half full, the company reported a loss of $84 million, narrower than the $518 million reported from a year ago and revenue of $3.1 billion up 9% from the same period last year. Seeing the glass half empty, BlackBerry posted a loss of 16 cents a share when Wall Street expected earnings of 6 cents a share, and while BlackBerry sold 2.7 million handsets that use the new BB10 platform and 6.8

What Else You Need To Know

  • BlackBerry still sold 100,000 units of the PlayBook tablet during the quarter.
  • The Canadian company expects another operating loss in the next quarter.
  • BlackBerry says that BB10 is still in the early stages of the rollout and will have more smartphone launches in the fiscal year, which ends in March 2014.
  • CEO Thorsten Heins said the company would release one more handset using the older BlackBerry 7 platform in 2013.

Other sources

After several months of seeing companies leave the brand for being behind the times, both with their OS and devices, many organizations have returned or praised BlackBerry, namely Canadian Tire, BMO Financial Group, Torys and Canadian Diabetes Association. - Ian Hardy, Mobile Syrup  
While the company has excited the hardcore BlackBerry faithful, it's still unclear whether other consumers are so keen on coming back. - Roger Cheng, CNET  
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