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 sale of $3.1 billion. RIM (Research In Motion) Limited has reported this loss on earnings of three months ended on June 1, 2013.
BlackBerry earnings report for the first fiscal quarter of 2014 is very disappointing. RIM has just shipped 2.7 million BB10 smartphones during Q1 2014. This is just a shipped amount and not the sold number of units. Although the shipments see an increasing rate of 13% from previous one, but just 40% of BlackBerry 10 devices were shipped of the total 6.8 million units. Also 100,000 BlackBerry PlayBook tablets are shipped during last three months ended on 1st June 2014.
President and CEO of BlackBerry, Thorsten Heins, said that "During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform. We are still in the early stages of this launch, but already, the BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions. Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers."
BlackBerry has last seen some real profits during last quarter of 2012 when BlackBerry 10 is not yet launched. Since 2012, Blackberry, now RIM, has just seen a down trend and its overall stocks are dropped by 25%.