Linked by Thom Holwerda on Fri 28th Jun 2013 14:37 UTC
PDAs, Cellphones, Wireless "BlackBerry offered few signs of a long-promised turnaround on Friday, with an unexpected quarterly operating loss, a dearth of details on sales of its make-or-break new line of devices and no return to profit expected in the current quarter. BlackBerry shares tumbled about 28 percent in both U.S. and Toronto trading." 'Unexpected'? Really?
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Nelson
Member since:
2005-11-29

It likely won't look much better, but it doesn't have to.
They have a good amount of cash to get them through more than a few quarters of relatively minor losses, so they'll be able to fully execute their plan over many quarters while they restructure/refocus.

Their losses were $60 million if you take out restructuring costs, and revenues+sales were up sequentially and year over year.

2.7 million out of the gate is a respectable figure given that the device line up isn't fully fleshed out yet, and the ecosystem is just getting started.

My only long term worry is about the cost of bootstrapping an ecosystem. This isn't easy or cheap. They will need to figure something out.

In the mean time, BB needs to transition into a services role and extract revenue from their competitors to subsidize their BB10 efforts.

The CEO is a smart guy in my opinion, and I'm not exactly ready to count them out just yet. I'm interested in seeing how the rest of this year plays out.

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