Friday, 20 December 2013

BlackBerry enlists Foxconn as Q3 loss hits $4.4BN

The struggling mobile phone maker announced on Friday a third-quarter loss of $4.4 billion, a freefall from the loss of $965 million suffered in the previous quarter. Revenue also tumbled, nestling in at $1.2 billion from $1.6 billion in the prior quarter. BlackBerry managed to sell only 1.9 million smartphones last quarter, an ugly decline from the 3.7 million sold in the previous quarter.

The results showed an even more devasting downturn compared with last year's third quarter when BlackBerry took in a profit of $14 million on revenue of $2.72 billion and shipments of 6.9 million smartphones.

On a brighter note, BlackBerry said that more than 40 million users have registered the BBM apps for iOS and Android over the past 60 days. More than a dozen different Android vendors also plan to preload BBM on their devices.

As smartphone sales dwindle, BlackBerry is also relying more on its enterprise products. The company said that more than 30,000 BlackBerry Enterprise Service 10 servers have been installed to date, up from 25,000 in September.

No comments:

Post a Comment