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BlackBerry Q3 financial results paint a grim picture


BlackBerry’s Q2 2013 fiscal outcomes have been dangerous sufficient with $965 million in loss, however lamentably, the Canadian phonemaker has suggested the surprising $four.four billion loss for Q3 2013. To make issues worse, the corporate’s income is down as smartly. It can be now $1.2 billion from $1.6 billion in Q2 of this year.

Within the 0.33 quarter, BlackBerry managed to promote 1.9 million smartphones, nearly 1/2 what it shipped within the earlier quarter.

Alternatively, BlackBerry’s CEO and Chairman John Chen stored his optimism and commented that “BlackBerry has based a transparent roadmap as a way to permit it to focus on a return to more suitable monetary efficiency within the coming year.” He provides that the at the moment difficult job for the corporate is to transition the Gadgets operations to a “extra winning trade edition.

Moreover, BlackBerry introduced that it has signed a 5-year settlement with Foxconn to collectively increase and produce smartphones. The products that’ll come out of this partnership are set to sale in Indonesia and different undetailed rising markets to start with of 2014.

In late November, BlackBerry released its COO, CMO and CFO from their duties, which brought additional stress and dismay into the company. Here’s hoping the Canadian manufacturer will get on its feet and dust itself off from the downfall it’s been into.