Blackberry shipments increase by 13 per cent, but also make hefty loss

June 29th, 2013, 23:35 Posted By: wraggster

The revenue increase is shadowed by a loss of $84 million.
BlackBerry has predicted that despite a shipments increase of 13 per cent over the past three months, it will still experience a loss in the next quarter, Mobile News has reported..
Overall revenues rose to £3.1 billion in the first three months of the year, however BB still took a hit of $84 million.
In a financial report released by Blackberry, it stated that sequentially their revenue was up by 15 per cent and 9 per cent annually, all the while the loss they experienced was in close to the $94mil profit made int he year before.
Even though it expects an operating loss this quarter, Blackberry have said that it will continue to invest in the Blackberry 10 smartphone launches globally as well as the Blackberry Enterprise Service 10, in an attempt to continue to establish the new service in the market.
Also regardless of the losses predicted, it will persevere in investing resources to improve Blackberry messenger, hopefully transforming it into a leading cross-platform, mobile social messaging app.
Thorsten Heins, CEO at Blackberry, commented: "During the first quarter, we continue to focus out efforts on the global roll out of the Blackberry 10 platform.
"Over the next three quarters, we will be increasing our investment to support the roll out of new products and services, and to demonstrate that Blackberry has establish itself as a leading vibrant player in the next generation mobile computing solutions for both consumer and enterprise customers.
Even though BB shipped 6.8 million smartphones, up by 13 per cent front he previous three month period, it did not specify what percentage of these were Blackberry 10 devices.

http://www.mobile-ent.biz/news/read/...ty-loss/021766

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