“BlackBerry’s introduction of two phones aimed at its traditional base of corporate users failed to reverse the company’s slide in the handset market, the company said in releasing its earnings on Tuesday,” Ian Austen reports for The New York Times.
“BlackBerry, a Canadian smartphone maker, said it sold only 1.1 million phones in its first quarter, a decline of 500,000 from the previous quarter,” Austen reports. “The company, led by John S. Chen, also reported an adjusted loss of $28 million, or 5 cents a share, on revenue of $658 million, compared with a loss of $60 million, or 11 cents a share, on revenue of $966 million in the period last year.”
MacDailyNews Take: “BlackBerry, a Canadian smartphone maker…” That the The New York Times feels compelled to explain what BlackBerry does is quite enjoyable.
Austen reports, “From the earnings, it was unclear whether Mr. Chen’s strategy of transforming BlackBerry into a company focused on selling software was advancing as quickly as planned.”
Read more in the full article here.
MacDailyNews Take: Hey, John, isn’t a turnaround supposed to, you know, turn something around?