Linked by Thom Holwerda on Tue 24th Dec 2013 16:02 UTC
PDAs, Cellphones, Wireless

BlackBerry's new interim chief John Chen has just got a rude wake-up call: the company shipped only 1.9 million smartphones to retailers in Q3 compared to 3.7 million last quarter, and lost $4.4 billion. Most of the phones shipped were lower-priced BB7 models, and it lost a massive $2.6 billion on unsold BlackBerry 10 devices and other associated BB10 charges. Retail channel sales (of phones already shipped) during the period also showed the scale of the drop in its upmarket phones: of 4.3 million devices sold to end-users, only 1.1 million were BB10 handsets.

I feel terrible for the people working at RIM. This is the news they have to hear just days before Christmas.

Thread beginning with comment 579430
To read all comments associated with this story, please click here.
Incomplete article
by fran on Tue 24th Dec 2013 18:03 UTC
fran
Member since:
2010-08-06

It does not list the recent share price surge after Blackberry and Foxconn signed an agreement whereby the latter would take care of inventory, i.o.w no more inventory write downs for Blackberry, and promised an affordable OS10 device.

Reply Score: 1

RE: Incomplete article
by Vanders on Wed 25th Dec 2013 11:05 in reply to "Incomplete article"
Vanders Member since:
2005-07-06

That's because share price is not quarterly revenue, and the full effect of the changes won't be evident for at least the next quarter, probably longer. That's if Blackberry even last that long.

Reply Parent Score: 3

RE[2]: Incomplete article
by fran on Thu 26th Dec 2013 15:50 in reply to "RE: Incomplete article"
fran Member since:
2010-08-06

That's because share price is not quarterly revenue, and the full effect of the changes won't be evident for at least the next quarter, probably longer. That's if Blackberry even last that long.


Certainly.
I understand share price surges is not quarterly revenue, though, with the foxconn deal meaning the prospect of no future inventory write downs these positive news reflect an optimistic market sentiment of Blackberry returning into the black.

Just tried to add some balance here to the popular en vogue "blackberry is drowning" sentiment that the there are actually some positive news about the company and a chance for a turnaround.

Edited 2013-12-26 15:51 UTC

Reply Parent Score: 2