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December 20, 2013 06:00 pm GMT
BlackBerry announced its fiscal Q3 2014 results today, and the numbers aren't pretty. The company revealed a whopping $4.4 billion GAAP-adjusted loss for the quarter, which includes a write-down on current inventory of around $1.6 billion. It "recognized revenue" on only 1.9 million BlackBerry handsets, compared to 3.7 million in the same period a year ago, but it also claims that it sold around 4.3 million BlackBerrys through to end customers it says, of which 3.2 million were BlackBerry 7 handsets. Whichever way you look at that, it's not good.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/M5c7JzuMBIc/
BlackBerry To Work With Foxconn On New Smartphone For Growing Markets As It Posts $4.4B Loss
BlackBerry announced its fiscal Q3 2014 results today, and the numbers aren't pretty. The company revealed a whopping $4.4 billion GAAP-adjusted loss for the quarter, which includes a write-down on current inventory of around $1.6 billion. It "recognized revenue" on only 1.9 million BlackBerry handsets, compared to 3.7 million in the same period a year ago, but it also claims that it sold around 4.3 million BlackBerrys through to end customers it says, of which 3.2 million were BlackBerry 7 handsets. Whichever way you look at that, it's not good.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/M5c7JzuMBIc/
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