Analyst: BlackBerry has already run through $800 million of the $1 billion it received
With its next earnings report due on December 20th one analyst expects to see that BlackBerry spilled a ton of red ink in the period. Bernstein analyst Pierre Ferragu forecasts that BlackBerry will report that it ran through $800 million in the period alone. The money comes from the $1 billion cash infusion that BlackBerry received from Fairfax after the privatization deal failed.
But Ferragu sees the skies brightening and the clouds dissipating for BlackBerry. Things have to get better, the analyst believes, because "they can’t get no worse." He slaps a value of $6 billion to as much as $13 billion on BlackBerry, which means that the company is far from dead. But if it burns through $800 million every quarter, BlackBerry might not have that much time left.
This is why it is important that rumored handsets like the BlackBerry Z50 turn out to be true. The speculation is that this model will have a 1080 x 1920 resolution, which would be a first for the manufacturer, and would be powered by a quad-core processor. No BlackBerry model has ever had a quad-core CPU under the hood. If the company is going to challenge iOS and Android, not to mention Windows Phone, there is one simple thing it needs to do. BlackBerry needs to start producing handsets that the public wants.
source: StreetInsider via BGR
1. Lycan155 (Posts: 113; Member since: 24 Nov 2013)
This is sad for such company to fall this bad :( hope they come back more competion is healthy for us
11. frmrVZguy (Posts: 40; Member since: 10 Mar 2012)
Hey BBRY, What you need is a 'killer app'. Thats how ifruit did it.
I own some videoconference software with document sharing and multicast. Call me. I'll make you a deal you can't refuse. ;) Seriously.
2. itsdeepak4u2000 (Posts: 3247; Member since: 03 Nov 2012)
More burning of ashes. I don't think that BB will catch up soon or later.
12. ihavenoname (Posts: 1561; Member since: 18 Aug 2013)
Blackberry does not have very cool brand, it's basicly if you think BB you think old, boring, keyboard phone, eventhough new ones are not bad at all and look quite nice. They are in pretty deep trouble.
3. PapaSmurf (Posts: 9375; Member since: 14 May 2012)
BB10 needs a quad core processor? BS. Z10 runs smooth as hell on the year old S4 processor.
5. kamejoko (Posts: 120; Member since: 10 Nov 2011)
See resolution. HD vs FHD. And S4 you can run android stock to see very smooth. Because ss install too many app. PC can't run smooth with many app.
8. sianto (Posts: 65; Member since: 11 Dec 2013)
Mac can lol. I agree that a Full HD screen is awesome.
14. lsutigers (Posts: 789; Member since: 08 Mar 2009)
You're right, they don't, but many people are so concerned with processing power and specs in general that they automatically think the device is inferior if it doesn't have Note 3 specs. Just look at the Moto X, awesome phone with great performance but many dismiss it because it doesnt have the latest specs.
Look at Windows Phone and even iOS, to a lesser extent. They have bumped their specs to match Android even though those OS's don't require the processing power that Android does to run smoothly. Of course with the release of KitKat, it sounds like much of the core Android OS has been optimized to run on lower spec devices.
4. winter_hat (Posts: 106; Member since: 04 Feb 2013)
Quad core? Then they will do as well as LG and HTC? Seriously, there are only two companies that make money on phones ....Apple and Samsung. BlackBerry needs to focus on enterprise, BBM, getting QNX into more devices, etc. The Z10 and Z30 are amazing devices and no one cares.
6. victory_zhou (Posts: 38; Member since: 03 Oct 2013)
Well, the problem is that first the hardware which maybe a snapdragon 600 and adreno 305 cos my q10 which installed the 225 got a bit laggy when playing real racing 3 and quad core. And the software which bbos 10 is very nice which can sideload android apps but maybe can support apple and windows file so can install more apps, yeah that's it
7. sianto (Posts: 65; Member since: 11 Dec 2013)
Yeah, like a million apps isn't enough! I hope that they release the Z50 quick because I want it, already have a Z10. (Check them out they don't cost much (200$))
9. kennyblack_sd (Posts: 26; Member since: 15 Nov 2013)
These are all just predictions and forecast, let's wait till 20th. Spending $800m doesn't mean it will make a loss of $800m, it's running cost and during the period they incurred this cost they they had some good marketing with their BES. Just this last quarter, more than 8 companies upgraded or joined BES10. Am expecting some positive results it may not mean that they will make profits but at least the reports will be better than the last quarter. Go BlackBerry!!!! I stay true
10. cornerofthemoon (Posts: 539; Member since: 20 Apr 2010)
This is sad because BB10 is actually a very good OS. I enjoyed my Z10 for the brief time I had it but I returned it while it was still in the T Mobile grace period when it became clear that the Blackberry 10 gamble had failed.
13. Altair (Posts: 362; Member since: 02 Feb 2012)
Where does BB handsets needs such processor? There is not a single app that runs slow at current devices. This is just marketing gimmick.
RIM = RIP
BB = RIP in less than a year