BlackBerry's phone sales cut in half during fiscal fourth quarter
The company's days as a phone manufacturer are numbered. BlackBerry sold only 600,000 units in the period. That figure includes sales of its first Android handset, the BlackBerry Priv. That is less than half of the 1.3 million handsets that the company sold last year, and a 14% decline sequentially.
At the same time, the company announced that the BlackBerry Priv will receive an update to Android 6.0 next month. That is for the unlocked version of the device. Those with a carrier branded model will have to wait for their wireless operator to approve it. In addition, the BlackBerry 10.3.3 update, originally scheduled for BlackBerry 10 users last month, is now expected to rollout in June. BlackBerry 10.3.4 will launch later this year
Putting its emphasis on software rather than hardware, the company says that it will grow software and services by 30% next year. Wall Street isn't too pleased. The stock is down 6.5% on the earnings announcement to $7.57.