BlackBerry ships 6.8 million smartphones but loses $84 million in Q1 2014

Every quarter is pivotal for BlackBerry right now, but the one covered by today's earnings report (Q1 2014, in fiscal terms) is especially important. It's the first full period of Z10 availability and also the first quarter to cover significant Q10 shipments to markets like Canada and the UK (although not the US). So far, it's a mixed bag: revenues are up to $3.1 billion, compared to $2.8 billion generated in the same quarter last year, which was when RIM (as it was called back then) announced significant job cuts and an equally major delay to its next-gen BB 10 operating system and hardware range. However, none of that was retained as profit, and in fact BlackBerry made a GAAP loss of $84 million, compared a $125 million profit last quarter.

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Filed under: Cellphones, Blackberry

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Source: Crackberry

Source: http://www.engadget.com/2013/06/28/blackberry-q1-2014-earnings/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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