“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?
I am shocked they sold over a million phones this quarter.
You’d be surprised how many enterprise IT outfits continue to coast on the existing standard contracts, where the only certified mobile device is the BlackBerry.
Exactly. Even decent companies are coasting on Win 2k servers and other outdated crap. Amazing but true – companies see IT as a drain rather than an asset. We are nothing more than high-tech janitors to them – overpaid janitors…
I was thinking the same; who in their right mind……
Seriously! “I mean really, who still buys a Blackberry?!” Oh wait, “Who throws a shoe?!”
What’s funny is BB is doing what the Investment guru’s were demanding Apple do way back when they were still licensing MacOS…switch from selling both software and hardware to just selling software.
And BB is advancing quickly along the path of switching to software only…revenue is WAY WAY down. Just like Jobs said would happen way back “fastest way to go from a billion dollar company to a million dollar company”.
Reminds me of a joke I once heard.
Q. How do you become a millionaire in Israel?
A. Move to Israel with 10 million dollars.
I am shocked they lost 28 mil! Whenever I lose a ten euro bill I search until I find it…..
And the stock barely budges today. I guess the smaller loss was what Wall Street expected, so they had already baked it into the price…
It baffles me how this company still manages to advertise on the side of F1 race cars.
Baffles me that they think it would help. Oh, wait. Chen wants the company to “turn around”.
Not just any F1 race cars, but the current World Champions. Perhaps, it’s just a b2b deal, where they provide Mercedes F1 with secure communications and no money actually changes hands. You’d be surprised at how many of those deals teams have, in lieu of actual money sponsorship.
Poor BlackBerry, they can’t go back and don’t know how to move forward. They are kind of in a nowhere zone.
“With growling hearts we see thee demise”
I remember those BB nut jobs laughing at us iPhone (first gen) users. Well I feel no pity for you and BB. So goodbye and good riddance.
Chen turned the company around 360°.