BlackBerry once again reports smaller losses, sells less phones, but shares go up

It seems that John Chen's plans to transform BlackBerry and bring it back on its feet might be working just fine for the former giant. The ontario-based manufacturer today released its financial report for the quarter that ended on August 30, and according to it, BlackBerry has seen less losses that initially expected. The net loss for the latest three fiscal months is $207 million, times less than the $965 million that it lost just a year ago. The revenue, one of the most vital financial stats, was $916 million during the second quarter of BlackBerry's fiscal 2015, down from the $966 that it brought back home during the previous accountable period...
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52 Comments

27. meanestgenius

Posts: 22043; Member since: May 28, 2014

In-depth highlights of BlackBerry's earnings report: – “A very solid quarter” according to CEO John Chen – Starting to make investments in growth, including hardware – Hardware turns profit for first time in five quarters – Z3 is available in more countries now and demand is now outpacing supply – More than 200,000 orders for the Passport by the end of the day (sold out in 6 hours on shopblackberry and 10 hours on Amazon). Chen says right now the device is profitable. – The engineering team is working on the classic and the roadmap beyond the classic – EZ Pass considered a success, they may end EZ Pass program earlier – Enterprise and EZ Pass now has 3500 customers (up 900 from previous quarter), 2.2 million new licenses – 25% of licenses for BES traded in from competitors – Chen introduced Blend, Blend is free on iTunes and Google Play – Identity management software releasing later – Planned expansion or release of BBM Protected, BBM Meetings, BBM Money – Strategic acquisitions: Secusmart, Movirtu – Monetization through BlackBerry Technology solutions using patents… sell and license – BES 12 launch November 13 – Software earnings $250M, expected to double to 500M – 3.1 billion cash balance not expected to fall below 2.5 billion From Q&A – No more production runs of BlackBerry Bold 9900 expected – Chen discussing winning people back by instilling confidence – Chen thinks he can monetize value-added services in BB10 and BES10 to make up for losing revenue from legacy services – Restructuring is over, BlackBerry to focus on growth. BTS, IoT, QNX – QNX to be a major part of IoT – North America revenues increase – mostly devices – Believes BBM could bring in $100 million in revenue – Sales BB10 : 1.4 million and BBOS 700,000 – Growth in QNX – On track for profitability by next fiscal year – Investment in hardware for devices beyond the Classic For those who think "BlackBerry is dead".....THINK AGAIN. BlackBerry is alive and well!

28. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

More like Life Support? And life support is still alive! Chen said on CNBC that it's important that Blackberry start to make money. I guess you did not see that. He also was vague on Blackberry remaining a stand alone company.

30. meanestgenius

Posts: 22043; Member since: May 28, 2014

Those numbers don't look like life support to me. Isn't it important that EVERY company in the business of MAKING MONEY, MAKE MONEY?? I guess you missed the part in my post where it says HARDWARE TURNS PROFIT. Chen is always vague when comes to that question. It doesn't mean anything. BlackBerry is in better shape than some other OEM's out there. BlackBerry is here to stay. Get used to it.

35. BobbyDigital

Posts: 2125; Member since: May 29, 2014

Chen said nothing about the company being on life support liar. I see you trolls of a feather continue to troll together.

37. meanestgenius

Posts: 22043; Member since: May 28, 2014

You should know by now that I don't give 2 monkey scrotums what Wall Street has to say about BlackBerry. Too much manipulation of the stock going on there. You should also know I could care even less what the media says.

31. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

You can't even post the right number dude. They sold less phones this quarter than last quarter. I like what MorganStanley said about Blackberry. Circumspect?

36. BobbyDigital

Posts: 2125; Member since: May 29, 2014

They sold less because of the declining sales of old BBOS phones. BB10 sold 1.4 million for the quarter. But you're a troll boy. So you wouldn't know anything about that.

39. meanestgenius

Posts: 22043; Member since: May 28, 2014

Dude, they recognized revenue on 2.1 million smartphones. Last quarter they recognized revenue on 1.6 million. I could care less what you or MorganStanley have to say about BlackBerry. Get the picture yet? Bottom line, cash on hand is UP.

42. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

Then try Goldman Sachs. I think they know more about Blackberry's numbers then you. They make their living reading these numbers. I just like the way you try to spin these numbers. The uninformed might think Blackberry has turned the corner the way you tried frame it. Nope. Blackberry just changed the IV for 3 more months.

43. meanestgenius

Posts: 22043; Member since: May 28, 2014

I spun no numbers. I got that straight from the source. When are you going to realize that I don't care what these half-wit ANALyst say about BlackBerry? Or you for that matter? It's not going to make me change my investment in the least. BlackBerry has turned a corner. You're just too much of an Apple fanboy to see it. Not that I care in least.

38. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

BoobyAnalog. I'm a troll because I pointed out that Blackberry sold 2.6 million phones last quarter and 2.4 million this quarter. Okay. So a troll is now a person that points out the correct numbers of phones sold.

41. meanestgenius

Posts: 22043; Member since: May 28, 2014

I pointed out that there was a total of 2.4 million shipped and they RECOGNIZED REVENUE on 2.1 million phones this quarter as opposed to 1.6 million last quarter. Please show me how that's false, kindleblower.

44. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

2.4 million smartphones were sold, up from 1.6 million the previous quarter That's what you posted One of the first thing I read this morning was a summary of Blackberry's number. It said 2.6 million sold last quarter compared to 2.4 million sold this quarter. I know, Every business news site is out to get Blackberry.

45. meanestgenius

Posts: 22043; Member since: May 28, 2014

Including YOU, it would seem. I also put up the full post STRAIGHT FROM THE SOURCE and then pointed it out in posts #39 and #41. Can you read?

46. meanestgenius

Posts: 22043; Member since: May 28, 2014

And the important fact is what they recognized revenue on. 2.1 million this quarter as opposed to 2.1 million last quarter.

47. meanestgenius

Posts: 22043; Member since: May 28, 2014

*as opposed to 1.6 million last quarter.

48. kindlefireowner

Posts: 504; Member since: Dec 05, 2011

Nope. I stick to the spin of your first post number 19, and the numbers I read where Blackberry sold 2.6 million last quarter and 2.4 million this quarter. Mr. Fox. Welcome to the Spin zone.

49. meanestgenius

Posts: 22043; Member since: May 28, 2014

I don't care what you stick to. You can "spin" on what you're sticking to for all I care. I know what I posted. I know BlackBerry recognized revenue on 2.1 million devices this quarter as opposed to 1.6 million last quarter. You can "spin" that any way you like, Apple.fanboy.

50. meanestgenius

Posts: 22043; Member since: May 28, 2014

They sold less handsets than the previous quarter, but made MORE REVENUE than on less handsets than last quarter. MADE MORE selling less. Hmm...I'd say that's a WIN.

51. Mrmark

Posts: 396; Member since: Jan 26, 2013

Can I put the phone on Sprint network like the Nexus 5

52. pureviewuser

Posts: 501; Member since: Nov 11, 2012

I'm glad BB is on its way up well done Mr Chen and I'm a nokia / MS FAN.
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