Today is not a good day for BlackBerry. They posted [Warning: PDF] their their Q2 numbers and they don’t look good. Here’s the highlights, or low lights as the case may be:
- They reported $51-million (U.S.) of net income for the three months ended Aug. 29. That’s better than the net loss of $207-million a year ago. But it fell short of adjusted expectations with a posted loss of $66-million or 13 cents per share. The street was expecting 9 cents per share.
- Revenue dropped 46 per cent to $490-million. That is well below analyst estimates of $611-million.
The net result is that BlackBerry shares were down almost 5% in pre-market trading, but have recovered since. Maybe the news of an Android powered smartphone is helping them. Called the BlackBerry Priv, its first BlackBerry smartphone that will be able to run Android as well as BlackBerry 10:
Priv will be the solution for smartphone users who are learning daily of the lack of privacy they have on their current devices. Priv will be the answer for former BlackBerry users who miss the physical keyboard but needed apps. And, we’re responding to current – and prospective – BlackBerry users who need it all: choice, innovation, security, privacy and productivity.
What’s unique about our Android phone is that we are collaborating with Google to bring the best of BlackBerry security and productivity to the Android ecosystem.
It should be interesting to see if this helps or hurts BlackBerry as I expect that there are some BlackBerry loyalists who are having a heart attack because of this news.
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This entry was posted on September 25, 2015 at 10:00 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed.
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BlackBerry’s Earnings Disappoint…. Shares Nosedive… & An Android Phone Is Coming
Today is not a good day for BlackBerry. They posted [Warning: PDF] their their Q2 numbers and they don’t look good. Here’s the highlights, or low lights as the case may be:
The net result is that BlackBerry shares were down almost 5% in pre-market trading, but have recovered since. Maybe the news of an Android powered smartphone is helping them. Called the BlackBerry Priv, its first BlackBerry smartphone that will be able to run Android as well as BlackBerry 10:
Priv will be the solution for smartphone users who are learning daily of the lack of privacy they have on their current devices. Priv will be the answer for former BlackBerry users who miss the physical keyboard but needed apps. And, we’re responding to current – and prospective – BlackBerry users who need it all: choice, innovation, security, privacy and productivity.
What’s unique about our Android phone is that we are collaborating with Google to bring the best of BlackBerry security and productivity to the Android ecosystem.
It should be interesting to see if this helps or hurts BlackBerry as I expect that there are some BlackBerry loyalists who are having a heart attack because of this news.
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This entry was posted on September 25, 2015 at 10:00 am and is filed under Commentary with tags BlackBerry. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.