BlackBerry balances the books: losses go 1000% down, but revenue drops below $1 billion
0. phoneArena 28 Mar 2014, 09:44 posted on
The hard times for BlackBerry continue, yet there seems to be light at the end of the tunnel. The still-struggling Canadian manufacturer just released its financial report for the last quarter of the fiscal year that ended March 1, 2014. Surprisingly, things are not as bad as it was expected...
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1. isprobi (Posts: 635; Member since: 30 May 2011)
So there is still hope for BB. I would much rather be carring a BB10 phone and do own a Z10 but AT&T just does not seem to be supporting the platform. So I am stuck with Android for now which is factory unlocked..
22. WahyuWisnu (Posts: 1001; Member since: 29 May 2014)
No, there's no hope for bb. JC just do some tricky accounting. in this quarter bb make it looks bad, so in the next quarter it would be better.
So, you will be stuck in android for undefinite amount of times, because bb will not coming back. it will be bankrupt very quickly.
2. alterecho (Posts: 1098; Member since: 23 Feb 2012)
Was John Chen responsible for these great(comparatively) results?
If so, he is great!
3. PeterK. (Posts: 296; Member since: 13 Nov 2013)
Yes, the quarter before this still had the mark of Thorsten Heins.
7. alterecho (Posts: 1098; Member since: 23 Feb 2012)
Looks like Chen is very capable. Lets see if he keeps delivering.
10. Finalflash (Posts: 2792; Member since: 23 Jul 2013)
Well stopping the bleeding is one thing, but becoming a success is another. After the culling I doubt their engineering and R&D are all in perfect shape so hopefully he can reorganize BB into a more efficient machine than before.
20. alterecho (Posts: 1098; Member since: 23 Feb 2012)
Of the current CEO's, of major corporations, out there, i think Chen has the toughest job to handle. He's proven now, that he can manage it too. I also believe if anyone else would have gotten his job, BlacBerry would have eneded up in someone else's pocket by now (as in, the whole company).
8. Arte-8800 (banned) (Posts: 4562; Member since: 13 Mar 2014)
well providing outdated specs and having hardly any apps and games, sure will lead to plumeting decline
14. Reluctant_Human (Posts: 885; Member since: 28 Jun 2012)
John Chen has been smart enough to focus on the profitable part of the company which is the services and expand on that while buying time for the shortcomings of the Cell phone manufacturing division while that improves. From what I have been reading and seeing, I wouldn't bet against this man in the long term.
4. Felix_Gatto (Posts: 900; Member since: 03 Jul 2013)
Go BB Go!!! You still have my support, and l'm waiting for Z3!
Say NO to surrender!!!
5. camera531 (Posts: 343; Member since: 30 Jun 2012)
Smartwatches and wearables are going to explode in the 2nd half of the year, with Google leading the way. The Moto 360 and Android Wear (with Google Now) is going to really push wearables into the mainstream, with Google Glass and a ton of partnerships (Oakley, Ray-Ban, etc.) continuing the push. Apple will most likely introduce some kind of "iWatch" this year as well, not to mention all of the next gen tablets hitting the market now. My point is - BlackBerry is still trying to make an interesting smartphone, while the industry is about to make a big move toward wearables, with tablets becoming more and more popular as (somewhat) computer replacements. BlackBerry still doesn't have a mature ecosystem with apps and services (and no tablets - the Playbook is DEAD), compared to Google and Apple and even Microsoft, and they're about to get further left behind when wearables go mainstream. It is a HUGE mountain to climb, but I wish them luck!
9. isprobi (Posts: 635; Member since: 30 May 2011)
I get your point. But I do not think the government and corpate customers BB wants to keep and lure will care that much about wearables. Most of them so far are pretty useless. A new tablet should be part of the plan.
11. camera531 (Posts: 343; Member since: 30 Jun 2012)
Government and corporate customers are leaning towards the BYOD trend more and more, and Google just announced that they're starting a major push to increase Android security for enterprise. Samsung's Knox seems to finally be getting some traction as well and Apple is also gaining a lot of corporate ground. It's soon going to be more than just smartphones for both consumers and enterprise, and I think wearables will definitely integrate into the corporate culture. Smartwatches will be very popular for easily and discreetly maintaining messages, etc. and Google Glass type devices will help in a variety of ways, from acting as "wearable teleprompters" to an endless amount of possibilities. In a couple of years, if all BlackBerry is doing is trying to make a better smartphone, they're finished. Another huge shift is about to happen in the industry.
16. thealphageek1 (banned) (Posts: 942; Member since: 02 Feb 2013)
And BlackBerry's EDM will manage it all! That's why they're shifting focus to services and software. BYOD.
17. camera531 (Posts: 343; Member since: 30 Jun 2012)
It's possible and I hope you're right, but they're still going to need devices to survive.
18. thealphageek1 (banned) (Posts: 942; Member since: 02 Feb 2013)
True. But remember: enterprises spend lots more on devices than consumers do, as they tend to buy in bulk. If BlackBerry can shore up their enterprise offerings and really lock enterprise and governments down, they should do well.
6. thealphageek1 (banned) (Posts: 942; Member since: 02 Feb 2013)
So, while there were still losses, BlackBerry, under the leadership of John Chen, had a better than expected quarterly report. As I surmised, John Chen is leading BlackBerry back to the road of profitability. To the haters: BLACKBERRY IS NOT DEAD. There will be no epitaph. There numbers are improving, and will only get better. Good job, BlackBerry. Now let's make it even better.
12. cornerofthemoon (Posts: 590; Member since: 20 Apr 2010)
I enjoyed the Z10 that I briefly had. I returned it to T Mobile just before the grace period expired, not because I didn't like the product, but due to the fact that all the BB10 bad press was coming to a head and I abandoned ship. I figure any chance for the appearence of any significant new apps was gone. That was before BB10's liberal acceptance of Android apps. I might return someday if BB gets its act together.
13. downphoenix (Posts: 3155; Member since: 19 Jun 2010)
Pretty good work. They need to focus for now on expanding their services offerings (since that seems to be making the most money) and offering good entry level devices and high end both for enterprise. I doubt they will stand much of a chance in the consumer market anymore, but they could pull an IBM and make it big in Enterprise if they play their cards right.
21. WahyuWisnu (Posts: 1001; Member since: 29 May 2014)
accounting magic. brought to you by jacky chen... i think bb could not revive again. they already in deep sh!t for too long