BlackBerry Posts $84 Million loss in Q1, Ships 6.8 Million Smartphones and Lost 4 Million Customers

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Canada based BlackBerry has announced its Q1, 2013 results. Company reported $3.1 Billion revenue that is 15% up from last quarter but also reported $84 million. Company has also shared the revenue breakdown and explained that It earns 71 percent from hardware, 26 percent from service and 3 percent from software and other revenue.

BlackBerry Posts $84 Million loss

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“During the first quarter, we continued to focus our efforts on the global roll out of the BlackBerry 10 platform,” said Thorsten Heins, President and CEO of BlackBerry. “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.”

Company shipped 6.8 million smartphones in last quarter that is 13% up from previous quarter and also sold 100,000 Playbook tablets. In 6.8 million shipped smartphones, 2.72 Million smartphone was based on BB10. But company refused to provide breakup in Z10 and Q10.

CEO Thorstein Heins told investors “BlackBerry 10 is still in the early stages of its transition, In fact, we are only five months in to what is the launch of an entirely new mobile computing platform.”

BlackBerry has also reported that it has 72 million customers while it has 76 million in previous quarter. And before that quarter, it has 79 Million customers. We can clearly see that company is loosing customers in each quarter. And this time, it lost 4 million customers. Primary reason behind this may be the BB10 that does not need customers to subscribe BlackBerry services to access BBM or Mails.


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