BlackBerry has reported a quarterly net income of $US114 million for the fiscal fourth quarter off the back of a million sales of its new Z10 smartphone.
According to TechCrunch, overall revenues for the quarter reached $US2.7 billion, with its new BlackBerry 10 platform accounting for one in six smartphone sales worldwide despite a delayed release in the US market.
However, the news was not all good, with revenues down sharply from $US4.6 billion for the same quarter last year.
There has also been a significant erosion in the company’s overall user base over the past year, with total subscribers falling to 76 million from 79 million a year earlier (when the company was known as Research in Motion) off the back of delays in development of BlackBerry 10.
COMMENTS
SmartCompany is committed to hosting lively discussions. Help us keep the conversation useful, interesting and welcoming. We aim to publish comments quickly in the interest of promoting robust conversation, but we’re a small team and we deploy filters to protect against legal risk. Occasionally your comment may be held up while it is being reviewed, but we’re working as fast as we can to keep the conversation rolling.
The SmartCompany comment section is members-only content. Please subscribe to leave a comment.
The SmartCompany comment section is members-only content. Please login to leave a comment.