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BlackBerry Reports $84M Loss in Q1 2014

BlackBerry's first quarter fiscal 2014 earnings report shows that this leading mobile manufacturing company is facing a net loss of $84M on total sales revenue of $3.1 billion.

Jun 28 2013, 10:08am CDT | by

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BlackBerry Reports $84M Loss in Q1 2014
 
 

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BlackBerry Reports $84M Loss in Q1 2014

BlackBerry Reports $84M Loss in Q1 2014

BlackBerry has issued its first quarter earnings report 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 bad news 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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vCita Goes End-To-End For Small Business Customer Engagement

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Apple Partners With Historic Rival IBM To Make IPhones More Business-Friendly

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Apple muscles its way into enterprise.Sound the death knell for BlackBerry (for the umpteenth time). Apple just announced a major new partnership with what once upon a time was its fiercest rival ...
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All Blackberries, All the Time

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7 Blackberry Smoothies You'll Want to Sip On

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We know what you'll be making tomorrow morning. Blackberries often get upstaged by blueberries and strawberries, but they're every bit as amazing this time of year. You can eat them fresh, sure, but we like them even better in smoothies, where they add flavor complexity to more expected ingredients like bananas and leafy greens. Make your own wi ...
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BlackBerry Z3 to launch in Middle East

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Something most people missed during I/O: BlackBerry could be Google’s next victim

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<a href="/latest_stories/all/all/20" rel="author">Sumayah Aamir</a>
Sumayah Aamir (Google+) has deep experience in analyzing the latest trends.

 

 

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