News Articles

Friday, June 28, 2013

Revenue up but BlackBerry reveals a loss in its quarterly results

Research In Motion, which will officially be called Blackberry after next month’s AGM, has announced results for the first quarter of its current financial year.

Image

The figures, which cover the period until 1st June 2013, showed a net loss of $84 million; a dramatic drop from the previous quarter’s $98 million (£64 million) profit.

Revenue was up 9% year-on-year to almost $3.1 billion (£2 billion).

6.8 million BlackBerry smartphones were shipped in the quarter, up 13% from the previous quarter, with approximately 100,000 BlackBerry PlayBook tablets as well. 2.7 million of those smartphones ran the new BlackBerry 10 platform, giving BB10 a share of 40%.

Subscriber figures weren’t published in the initial announcement but were later revealed to be down 4 million from the previous quarter to 72 million.

Thorsten Heins, President and CEO of BlackBerry, said “During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform. 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.”

Print
Author: The Fonecast
0 Comments
Rate this article:
No rating

Leave a comment

This form collects your name, email, IP address and content so that we can keep track of the comments placed on the website. For more info check our Privacy Policy and Terms Of Use where you will get more info on where, how and why we store your data.
Add comment

Follow thefonecast.com

Twitter @TheFonecast RSS podcast feed
Find us on Facebook Subscribe free via iTunes

Archive Calendar

«October 2024»
MonTueWedThuFriSatSun
30123456
78910111213
14151617181920
21222324252627
28293031123
45678910

Archive

Terms Of Use | Privacy Statement