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March 28, 2013

BlackBerry Q4 Results are in

BB10-Press-Release

With three months’ worth of sales of BB10 devices in the UK and about three weeks of sales in Canada, how did BlackBerry do in Quarter 4 (Q4)? Pretty darn good! A total of 6 million smartphones were shipped – with approximately 1 million of them being the new BlackBerry 10 handsets. BlackBerry have been quoted with shipping approximately 370,000 PlayBook tablets, as well.

In the Market Wire press release, it was stated that BlackBerry’s Q4 revenue was approximately $2.7 billion. The revenue breaks down as follows: approximately 61% for hardware; 36% for service; and 3% for software and other revenue. As of March 2 — the end of the fiscal year for BlackBerry — the total cash flow from operations was approximately $219 million, with a cash-and-investments balance of $2.9 billion. “We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the Company returning to profitability in the fourth quarter,” said Thorsten Heins, president and CEO of BlackBerry. “With the launch of BlackBerry 10, we have introduced the newest and what we believe to be the most innovative mobile computing platform in the market today. Customers love the device and the user experience, and our teams and partners are now focused on getting those devices into the hands of BlackBerry consumer and enterprise customers.” 

So what does this mean for BlackBerry? The company plans on increasing its investment in marketing, and the company forecasts a breakeven point in the first quarter based on a more efficient supply chain, lower cost base, and improved hardware margins! Absolutely great news for all of those die-hard BlackBerry fans out there!

Source – MarketWire

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Joshua LaRose

I am an avid enthusiast of everything mobile. I have used many different platforms, including Blackberry, Android, iOS – and yes – even WebOS. I want to use my experience with these platforms, and my background in engineering, to give my thoughts on the functionality of current mobile technology and its impact on the industry. I hope to foster discussion on these topics, and I am looking forward to hearing from all of you.

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