Hold off on that comeback
talk.
Shares of BlackBerry plunged 25% in pre-market trading right after its first-quarter earnings failed to impress Wall Street.
The Canadian smartphone maker posted income of $3.one billion, up 15% in the preceding quarter and 9% when compared to final year. BlackBerry also narrowed its losses to $84 million, from $510 million through the identical time in fiscal 2013.
BlackBerry says they shipped six.eight million smartphones through the quarter, but did not specify how many of these gadgets ran the company's new BlackBerry ten operating technique.
"We are nonetheless within the early phases of this launch, but already, the BlackBerry ten platform and BlackBerry Enterprise Service ten are proving themselves to consumers for being incredibly secure, versatile and dynamic mobile computing options," says BlackBerry President and CEO Thorsten Heins within a statement.
Within a quarterly earnings conference get in touch with, Heins stressed BlackBerry 10 is still inside the early phase of its cycle, acquiring been available for five months. "We do not strategy to run the business which has a short-term, device-only tactic," he says.
The success of BlackBerry 10 is critical to the company, since it attempts to vault back into the more and more competitive smartphone race. Apple, Google and Samsung at present dominate the marketplace, though Microsoft continues to press forward with its line of Windows eight mobile devices.
In March, BlackBerry launched the Z10 smartphone, which boasts a full touchscreen, followed from the Q10 with a combination of touchscreen and bodily QWERTY keyboard.
Colin Gillis, an analyst at BGC Partners, stated it is difficult for BlackBerry mainly because it can be tough to generate income on handsets now.
"There really are a good deal of individuals that have not been in a position to generate it come about. For all the speak about Apple and Samsung, there are companies like Nokia and HTC," Gillis said.
Shares of BlackBerry plunged 25% in pre-market trading right after its first-quarter earnings failed to impress Wall Street.
The Canadian smartphone maker posted income of $3.one billion, up 15% in the preceding quarter and 9% when compared to final year. BlackBerry also narrowed its losses to $84 million, from $510 million through the identical time in fiscal 2013.
BlackBerry says they shipped six.eight million smartphones through the quarter, but did not specify how many of these gadgets ran the company's new BlackBerry ten operating technique.
"We are nonetheless within the early phases of this launch, but already, the BlackBerry ten platform and BlackBerry Enterprise Service ten are proving themselves to consumers for being incredibly secure, versatile and dynamic mobile computing options," says BlackBerry President and CEO Thorsten Heins within a statement.
Within a quarterly earnings conference get in touch with, Heins stressed BlackBerry 10 is still inside the early phase of its cycle, acquiring been available for five months. "We do not strategy to run the business which has a short-term, device-only tactic," he says.
The success of BlackBerry 10 is critical to the company, since it attempts to vault back into the more and more competitive smartphone race. Apple, Google and Samsung at present dominate the marketplace, though Microsoft continues to press forward with its line of Windows eight mobile devices.
In March, BlackBerry launched the Z10 smartphone, which boasts a full touchscreen, followed from the Q10 with a combination of touchscreen and bodily QWERTY keyboard.
Colin Gillis, an analyst at BGC Partners, stated it is difficult for BlackBerry mainly because it can be tough to generate income on handsets now.
"There really are a good deal of individuals that have not been in a position to generate it come about. For all the speak about Apple and Samsung, there are companies like Nokia and HTC," Gillis said.
source:http://www.usatoday.com/story/tech/2013/06/28/blackberry-first-quarter/2471221/
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