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BlackBerry to announce Q2 earnings on September 27th

Posted: , by Alan F.

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BlackBerry to announce Q2 earnings on September 27th
BlackBerry has announced that the Canadian handset manufacturer will report its fiscal second quarter earnings on September 27th. The results will be announced at 8am EDT, a good 90 minutes before the opening bell rings on Wall Street. BlackBerry has supposedly started the process of selling the company with the goal of closing the deal with the winning bidder no later than November.

Even though Microsoft has already decided to purchase Nokia's devices and services for $7.2 billion, speculation is calling for the gang at Redmond to open its wallet one more time to snatch up the beleaguered company. BlackBerry could also decide on a number of other rumored suggestions such as spinning off BBM, finding a buyer for its enterprise business, or selling the handset and software divisions separately.

A report released by the Wall Street Journal late last month stated that the QWERTY equipped BlackBerry Q10 was selling poorly. This model was BlackBerry's big hope considering the form factor was designed to be familiar for BlackBerry users with the popular BlackBerry physical keyboard on board. Going deeper in the past, it was the fault of past management not to take the threat from touchscreen phones more seriously when the Apple iPhone first was released in 2007. At that moment, BlackBerry was practically synonymous with smartphones and no businessman worth his pinstripes failed to own one.

BlackBerry finally entered the touchscreen era with the 2008 BlackBerry Storm. Designed with the SurePress system that was supposed to make touching the screen feel like touching a QWERTY keyboard, the phone came to market half-baked with poor software and no Wi-Fi. While the phone sold well at first to iPhone starved consumers at Verizon, and did spawn a sequel, the heavily anticipated Storm failed at the moment that BlackBerry needed a hit the most.

From that moment on, BlackBerry was always one or two steps behind iOS/Android. And even when it might have had a hit on its hands, poor planning screwed it up. When the BlackBerry PlayBook tablet launched, it came without native email capabilities, a strange omission for a company known for its email software. The lack of a calendar also hurt sales.

By the time BlackBerry had a decent flagship, the touch/QWERTY combo BlackBerry Bold 9900/9930, Apple and Android were well ahead of the pack. And even the new BlackBerry 10 models have failed to sell well enough to reverse the company's fortunes. With one more BlackBerry 10 phone expected out this year, it is now unclear whether the first 5 inch 'Berry, the BlackBerry Aristo, will ever see the light of day. The most powerful BlackBerry ever is supposed to launch in November, the same month when BlackBerry wants to hand over the keys of the shop to the company that buys it out.

source: BlackBerry via  Crackberry

9 Comments
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posted on 08 Sep 2013, 00:40 2

1. sarb009 (Posts: 293; Member since: 15 Jun 2011)


The title should be, " BlackBerry to announce Q2 losses on September 27th. "

posted on 08 Sep 2013, 01:01 4

2. james004 (Posts: 485; Member since: 15 May 2013)


jealous? they still earned 100s of millions more than you did :p

posted on 08 Sep 2013, 04:06

4. sarb009 (Posts: 293; Member since: 15 Jun 2011)


I reffered to their profits or losses, not earnings. And they might have earned more than you too IF u are not apple or samsung :)

posted on 08 Sep 2013, 10:26

7. james004 (Posts: 485; Member since: 15 May 2013)


not closed minded as you thought. apple and samsung can go eat each other. i dont like either. just an android fan who like all of its manufacture, unless if they are suborn .

posted on 08 Sep 2013, 01:06 2

3. rdemon (Posts: 46; Member since: 23 Aug 2012)


C'mon Samsung. Buy this company and set out for world domination.

posted on 08 Sep 2013, 04:21

5. ihatesmartphone (unregistered)


Only time will tell how long BB can survive..... :(

posted on 08 Sep 2013, 14:26

8. Droid_X_Doug (Posts: 5921; Member since: 22 Dec 2010)


Until around November-ish. Their stated goal was to have completed the process of selling themselves to the highest bidder by November. I am wondering what their plan B is if the offers they receive are lower than they want? Are they going to just go out of business and declare a liquidating dividend? Or?

posted on 08 Sep 2013, 04:57

6. DKMDROID (Posts: 102; Member since: 09 Aug 2011)


lol what earnings ?

posted on 08 Sep 2013, 14:28

9. Droid_X_Doug (Posts: 5921; Member since: 22 Dec 2010)


They are making sales (earnings). Just not enough to cover the costs involved. Therefore, they report net losses each quarter.

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