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Thursday, March 28, 2013

BLACKBERRY LOSES 3 MILLION SUBSCRIBER, MAKES $98 MILLION PROFIT AT THE SAME TIME

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Blackberry released its Fourth Quarter (Q4) financial report. And has managed to turn things quickly around with a profit of $98 million after a loss of $125 million the previous quarter and a revenue of $2.7 billion which fell a little short of the $2.8 billion estimate set by Wall Street analysts. Blackberry had also reported device sales of almost 6.4 million with 6 million BlackBerry smartphones of which 1 million were Z10 handsets, and about 370,000 BlackBerry PlayBook tablets. However Blackberry market share has fallen to just 3% and has suffered a loss of 3 million subscribers from it's 79 millions subscriber base

The CEO of Blackberry Thorsten Heins is quoted saying

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,

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Source: BlackBerry

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