BlackBerry Sells One Million BlackBerry Z10 And Makes A $98 Million Profit Last Quarter

BlackBerry Sells One Million BlackBerry Z10 And Makes A $98 Million Profit Last QuarterBlackberry’s year end financial results have thrown a pleasant surprise, the Canadian company appears to slowly gaining ground. Blackberry announced US $94 million in profit and $1.2 billion in revenue.For the fourth quarter of fiscal year 2013 ending on March 2, BlackBerry reported revenue of $2.7 billion, down 36% when compared to the same time frame a year ago.

Blackberry was able to sell 1 million BlackBerry Z10 devices even though it was launched in the middle of quarter and only reached a few countries. BlackBerry noted that they shipped about 6 million BlackBerry smartphones and approximately 370,000 BlackBerry PlayBooks.

“We have implemented numerous changes at BlackBerry over the past year and those changes have resulted in the company returning to profitability in the fourth quarter,” said Thorsten Heins, BlackBerry’s president and CEO. “With the launch of BlackBerry 10, we have introduced the newest and what we believe to be the most innovative mobile computing platform in the market today. Customers love the device and the user experience, and our teams and partners are now focused on getting those devices into the hands of BlackBerry consumer and enterprise customers.”

“As we go into our new fiscal year, we are excited with the opportunities for the BlackBerry 10 platform, and the commitments we are seeing from our global developers and partners,” Heins said. “We are also excited about the new, dynamic culture at BlackBerry, where we are laser-focused on continuing to drive efficiency and improve the Company’s profitability while driving innovation. We have built an engine that is able to drive improved financial performance at lower volumes, which should allow us to generate additional benefits from higher volumes in the future.”


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