BlackBerry Surprises With Fourth Quarter Results
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BlackBerry simply posted its financial final quarter comes about, uncovering a quarterly working misfortune substantially littler than investigators had dreaded. Offers of BlackBerry are up 6.63% (NASDAQ:BBRY) in pre-advertise exchanging. Be that as it may, the income missed desires and the organization's money position declined.
The Organizations
The organization likewise uncovered BlackBerry 10 telephone deals, which were less astonishing.
The troubled Canadian telephone producer saw income drop from 64% from 2013 levels to $976 million. This $423 million misfortune is chump change contrasted with the $4.4-billion misfortune revealed amid the past quarter.
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The organization is as yet draining money, however, as BlackBerry's money position at quarter-end tumbled to $2.7 billion from $3.2 billion detailed toward the finish of the past quarter.
Administrations still remain fundamentally critical to BlackBerry and represented 56% of the organization's income. Equipment just made up 37%, additionally loaning proof to the way that BlackBerry's future rests not in the hands of making the following awesome cell phone, however giving the spine to big business arrangements.
Amid this quarter the organization sold only 3.4 million handsets to clients with just 1.1 million being BlackBerry 10 gadgets. Roughly 2.3 million were out of date BlackBerry 7 handsets. Yet, is that extremely shocking any longer? Not by any means.
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