{"id":649327,"date":"2013-03-28T09:19:17","date_gmt":"2013-03-28T13:19:17","guid":{"rendered":"http:\/\/www.webpronews.com\/?p=222740"},"modified":"2013-03-28T09:19:17","modified_gmt":"2013-03-28T13:19:17","slug":"blackberry-makes-2-7-billion-in-q4-sells-1-million-blackberry-z10s","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/649327","title":{"rendered":"BlackBerry Makes $2.7 Billion In Q4, Sells 1 Million BlackBerry Z10s"},"content":{"rendered":"

BlackBerry 10 launched in late January<\/a> as an attempt to keep BlackBerry relevant in a world dominated by Android and iOS. Did it succeed? It’s still a little too early to tell, but early results are promising. <\/p>\n

In its Q4 results, BlackBerry reports that it had shipped 6 million smartphones through March 2. Out of that lot, 1 million were the new BlackBerry Z10. To ship 1 million BlackBerry Z10s in a little less than month is no small feat, especially for a company that’s recently been down on its luck. <\/p>\n

Beyond smartphone sales, BlackBerry had a decent fourth quarter. Here’s the full breakdown: <\/p>\n

  • Revenue of $2.7 billion<\/li>\n
  • GAAP income from continuing operations of $94 million, or $0.18 per share diluted<\/li>\n
  • Adjusted income from continuing operations of $114 million, or $0.22 per share diluted<\/li>\n
  • Gross margin of 40 percent driven by higher average selling prices and hardware margins<\/li>\n
  • Subscriber base of approximately 76 million<\/li>\n
  • Cash flow from operations of $219 million, cash and investments balance of $2.9 billion<\/li>\n

    The company notes that revenue is still down, but it’s not bleeding cash like it once was. From Q3 to Q4, the company posted a $49 million loss, or a loss of two percent. Compare that to the $1.5 billion loss it suffered from the same quarter last year, and its current losses don’t seem as bad. <\/p>\n

    It will be interesting to see what BlackBerry’s results for the current quarter look like as it has just launched the BlackBerry Z10 in the U.S.<\/a> The company notes that 61 percent of its revenue comes from hardware sales, and the U.S. market might provide the kick its premium hardware needs.<\/p>\n

    \n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    BlackBerry 10 launched in late January as an attempt to keep BlackBerry relevant in a world dominated by Android and iOS. Did it succeed? It’s still a little too early to tell, but early results are promising. In its Q4 results, BlackBerry reports that it had shipped 6 million smartphones through March 2. Out of […]<\/p>\n","protected":false},"author":7358,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-649327","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649327","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/7358"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=649327"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/649327\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=649327"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=649327"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=649327"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}