Arab Today, arab today blackberry ekes out profit in transition quarter
Last Updated : GMT 00:18:29
Arab Today, arab today
Arab Today, arab today

BlackBerry ekes out profit in transition quarter

Arab Today, arab today

Arab Today, arab today BlackBerry ekes out profit in transition quarter

Montreal - AFP

BlackBerry eked out a small profit in the past quarter in a transition period for the Canadian smartphone maker launching its make-or-break platform to challenge Apple and Android. The Waterloo, Ontario firm said profit in the fourth fiscal quarter ended March 2 was $98 million, compared with a loss of $125 million in the same period a year earlier. The results come with the company in transition as it rolls out new smartphones based on the new BlackBerry 10 platform, seen as its best hope at regaining traction after staggering losses in market share in recent years. The group said it shipped six million smartphones in the quarter, including around one million BlackBerry 10 units, while its subscriber base slid by three million, to 76 million. The company unveiled its new platform January 30, as it dropped the corporate name Research in Motion to rebrand as BlackBerry. But sales launches have been staggered, depending on the region. In the United States, the new phones went on sale just last week. The quarterly data included some sales of the new phones in Canada, Britain, India and Indonesia. "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 president and chief executive Thorsten Heins. "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." In the past quarter, revenue slid to $2.7 billion from $4.2 billion a year earlier and was below analyst estimates of $2.84 billion. But the profit excluding special items of 22 cents a share was a surprise, as analysts had expected a loss of 29 cents a share. Shares in the company fell 2.1 percent to $14.26 in pre-market trade. Paul Ausick at 24/7 Wall Street said the market was reacting to lower-than-expected shipments and the loss of subscribers. "Not a very auspicious start for the renamed company with the brand new smartphone," he said. But Peter Misek at Jefferies was upbeat, saying BlackBerry is working to reduce reliance on phone sales and offer its secure software to rivals. "While most near-term focus continues to be on the phone, we believe BlackBerry's mobile device management opportunity is underappreciated," he said. This software "will gain traction throughout this year and see a significant ramp in revenues next year," Misek said in a note to clients.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today blackberry ekes out profit in transition quarter Arab Today, arab today blackberry ekes out profit in transition quarter

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today 11 family members dead in rebel push

GMT 07:57 2017 Tuesday ,21 February

11 family members dead in rebel push
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today 57 monkeys carrying 'invasive' genes

GMT 16:00 2017 Tuesday ,21 February

57 monkeys carrying 'invasive' genes
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Ahmed Fahmy stresses he did not ignore singing

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 14:51 2017 Monday ,20 February

Ways to acquire presentation skills

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday