BlackBerry Surprises With Fourth Quarter Results


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BlackBerry just posted its fiscal fourth quarter results, revealing a quarterly operating loss much smaller than analysts had feared. Shares of BlackBerry are up 6.63% (NASDAQ:BBRY) in pre-market trading. However, the revenue missed expectations and the company?s cash position worsened.

 

The company also revealed BlackBerry 10 phone sales, which were less surprising.

 

The embattled Canadian phone maker saw revenue drop from 64% from 2013 levels to $976 million. This $423 million loss is chump change compared to the $4.4-billion loss reported during the previous quarter.

 

The company is still bleeding cash, though, as BlackBerry?s cash position at quarter-end fell to $2.7 billion from $3.2 billion reported at the end of the previous quarter.

 

More....

 

http://techcrunch.com/2014/03/28/blackberry-surprises-with-fourth-quarter-results/

 

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Despite being a freetard, I love Blackberry.

Unfortunately I will never be able to purchase one because they are bloody expensive.

Let's see how the Z3 experience checks out.

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they had a loss, but not big of a loss, so still good news?  They had a smaller loss because of smaller production (Eg less devices NOT being NOT sold...).

 

not being not sold. It means they sold those devices then right?

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not being not sold. It means they sold those devices then right?

Lol, no... I mean't, THEY didn't make more devices that got left on a shelf without selling.

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I'm totally lost here ...

Blackberry scaled back the production of their devices AFTER device launch (so forecast changed). SO... THEY had less devices made, resulting in less devices sitting on shelves not being sold

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