BlackBerry has issued its first quarter earningsreport of 2014 today that shows a net loss of $84 million. It means that the Canadian manufacturer is facing $0.16/share loss on the total revenue of $3.1 billion. This is a badnews because the analysts estimates an expected net profit of $0.07/ share with revenue of $3.36. RIM (Research In Motion) Limited has reported this loss on earnings of three months ended on June 1, 2013.
Though there is an increase of shipments by 13% from previous quarter and 9% from same quarter of last year. Total of 6.8 million smartphones were shipped during this period. Out of these, 2.7 million shipments are of Blackberry Z10 and Blackberry Q10 having touchscreen and small keyboard. Both these devices were launched earlier this year and did not reach the expected targets. Also the profit of $3.1 billion is also an increased one by previous quarter. A 15% jump is made in revenues. But despite all these increases, BlackBerry is facing a heavy loss of $84M. It seems that BB10 also won't work for getting profits. It may be because RIM is still in early sale stages of the new BlackBerry 10 devices.
Most of us can trace back the recent history of smartphones through a plethora of Androids, iPhones, and Blackberrys. Maybe you recall a nascent phone-PDA hybrid from Palm or Kyocera. But I bet you don't remember the IBM Simon, the world's first smartphone, which hit t ... Source: GizmodoFull article at: Gizmodo6 days ago, 12:00pm CDT
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