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.
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The “geek mind” is concerned with more than just the latest iPhone rumors, or which company will win the gaming console wars. I4U is concerned with more than just the latest photo shoot or other celebrity gossip.
The “geek mind” is concerned with life, in all its different forms and facets. The geek mind wants to know about societal and financial issues, both abroad and at home. If a Fortune 500 decides to raise their minimum wage, or any high priority news, the geek mind wants to know. The geek mind wants to know the top teams in the National Football League, or who’s likely to win the NBA Finals this coming year. The geek mind wants to know who the hottest new models are, or whether the newest blockbuster movie is worth seeing. The geek mind wants to know. The geek mind wants—needs—knowledge.