BlackBerry Q1 results see 6.8 million handsets shifted, but still posting a $84 million loss
BlackBerry has posted its quarterly earnings report of Q1 fiscal 2014 (April – June 2013) and it’s a mixed bag for the company’s fortunes.
On one hand, sales have been modestly strong, with 6.8 million smartphones sold over the quarter, boosted by the 2.7 million sales of BlackBerry 10 handsets the Z10 and Q10.
However, it hasn’t stopped the company from posting a loss for the quarter, suffering an $84 million loss. Revenues however are up 15% year-on-year, rising to $3.1 billion.
For CEO Thorsten Heins, it all still represents a positive shift for the company, with the new BB10 platform “still in the early stages” according to the company head. With new devices in the pipeline, including the recently-launch Q5 budget offering, Heins sees adoption of BlackBerry devices set to steadily climb over the coming months.
“The BlackBerry 10 platform and BlackBerry Enterprise Service 10 are proving themselves to customers to be very secure, flexible and dynamic mobile computing solutions,” said Heins.
“Over the next three quarters, we will be increasing our investments to support the roll out of new products and services, and to demonstrate that BlackBerry has established itself as a leading and vibrant player in next generation mobile computing solutions for both consumer and enterprise customers.”