BlackBerry makes loss of $1.22bn
Friday 29 March 2013
BlackBerry offered some hope to investors as it swung back into the black in the last quarter, but the smartphone maker still crashed to an annual loss of $1.22bn (£800m).
The company, which recently dropped its corporate name Research in Motion in favour of its top-selling smartphone brand, saw revenues tumble 36 per cent to $2.7bn in the three months to 3 March. Annual revenues were only $11bn against $18bn a year earlier, in a further sign of how BlackBerry, once the smartphone market leader, has been falling further behind Apple and Samsung.
BlackBerry sold 6 million smartphones and only 370,000 BlackBerry PlayBook tablets in the quarter, which included the Christmas sales period.
But the total number of BlackBerry subscribers fell by 3 million.
Thorsten Heins, the chief executive, said the much-delayed Z10 range was faring well, with one million sold since its January launch – better than some analysts' expectations. "Customers love the device and the user experience," said Mr Heins, who is ramping up marketing spend by 50 per cent.
- 1 Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
- 2 Man who held up 'hire me' sign at Waterloo station returns a year later with 'I'm hiring' sign
- 3 UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
- 4 Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
- 5 The enemy within: People who hear voices in their heads are being encouraged to talk back
Paris attacks: Do not call Charlie Hebdo killers 'terrorists', BBC says
Rowan Atkinson to sell £10 million McLaren 'supercar' he crashed into a tree and a lamppost
UK weather: Snow to fall in the coming week with sub-zero temperatures to last until early February
Saudi preacher who 'raped and tortured' his five -year-old daughter to death is released after paying 'blood money'
Howard 'Mr Nice' Marks reveals he has inoperable cancer: 'I've had an incredible life'
Nigel Farage: NHS might have to be replaced by private health insurance
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
French court convicts three over homophobic tweets, in case hailed as a 'significant victory' by LGBT rights campaigners
Greece elections: Syriza and EU on collision course after election win for left-wing party
George Galloway condemns 'racist, Islamophobic, hypocritical rag' Charlie Hebdo at freedom of speech rally
British Muslim school children suffering a backlash of abuse following Paris attacks
iJobs Money & Business
£30000 - £32000 per annum + benefits : Ashdown Group: A highly successful, int...
£18000 - £20000 per annum: Recruitment Genius: This rapidly expanding business...
£25 - 28k + Bonus: Guru Careers: An In-house / Internal Recruiter is needed to...
Negotiable: Recruitment Genius: A Tax Assistant is required to join a leading ...